With MEO set to announce the big one tonight, this is the last chance some big mob will have to hit some stop-losses and shake up some Nervous Nellies. And they are doing so. Smashed back down to 17c in the past twenty minutes or so.
I expect a 19c+ close at the very very least. Twenties should be more realistic. If not so, then there must be trouble with MEO. All IMO only.