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39.4%

4.0¢ melbana energy limited

nice retest of 9.4 as well if it can hold up today

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hubbo27

1,070 Posts.

136

09/02/23

11:25

Post #: 66153309
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Originally posted by W3hunter: ↑

The weekly trend for example has become very clear..

Trendline break
Retrace to the 9 above 13 ema pair
Bounce and test of the 1st 62% Fib at 094c
MACD across the axis line
We also have the next 62% Fib of 14.7c if over the next days to weeks closing price can hold well above 094c

Daily chart is also showing that both the daily and weekly MACDs are potentially about to trend in unison from around the axis line this a"compound momentum" event and happens if the 62% Fib resistance level gets clearly taken out.... a very bullish spot on the chart.

Weekly and Daily charts below.
View attachment 5046907 View attachment 5046937

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nice retest of 9.4 as well if it can hold up today

MAY Price at posting: 9.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 4.0¢		Change -0.026(39.4%)		Mkt cap ! $134.8M

Open	High	Low	Value	Volume
3.9¢	4.4¢	3.6¢	$2.137M	53.59M

Buyers (Bids)

No.	Vol.	Price($)
13	2544346	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	181878	3

View Market Depth

No.	Vol.	Price($)
12	2469346	0.039
26	6964579	0.038
14	2674693	0.037
17	726691	0.036
9	651218	0.035

Price($)	Vol.	No.
0.040	181878	3
0.041	855282	5
0.042	1938076	6
0.043	1094000	4
0.044	1721050	10

Last trade - 12.39pm 18/06/2024 (20 minute delay)


Last 4.1¢			Change -0.026 ( 38.8 %)
Open	High		Low	Volume
3.8¢	4.4¢		3.6¢	27028232
Last updated 13.05pm 18/06/2024 ?

MAY (ASX) Chart

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