Meridian Petroleum PLC : Onwards into 2007/2008

bagwandeo,
If the share price is above the 20 day line then sentiment is better today than it has been quite recently.
If the 20 day MA (moving average) is above the 50 day line then recent sentiment has been better than it was previously.
The same goes for 50 day compared to 200 day MA's.
In MRP's case the 20 day line is just cutting up through the 200 day line (good) whilst the 50 day line turned up a while back and should do the same in bit if all goes well (golden cross). The share price on top of the 20 on top of the 50 on top of the 200 shows that sentiment is getting better at an increasing rate. The MA lines help to cut out a lot of "noise" for the longer term investor.
Summary:
I'm a happy bunny.