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8.51%

5.1¢ melbana energy limited

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

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hubbo27

1,067 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 5.1¢		Change 0.004(8.51%)		Mkt cap ! $171.8M

Open	High	Low	Value	Volume
5.0¢	5.3¢	4.8¢	$476.9K	9.406M

Buyers (Bids)

No.	Vol.	Price($)
1	34580	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.2¢	13139	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.051
6	1181170	0.050
8	1130000	0.049
4	1194332	0.048
7	1525382	0.047

Price($)	Vol.	No.
0.052	13139	1
0.053	1311220	3
0.054	1165513	6
0.055	381445	5
0.056	284320	3

Last trade - 15.21pm 22/05/2024 (20 minute delay)


Last 5.1¢			Change 0.004 ( 9.44 %)
Open	High		Low	Volume
5.0¢	5.3¢		4.8¢	2585738
Last updated 15.21pm 22/05/2024 ?

MAY (ASX) Chart

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