MAY 3.13% 3.3¢ melbana energy limited

May Chart, page-2724

  1. 11,540 Posts.
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    Let’s be serious, nobody in their right mind will buy this at this moment based on the chart. They may sell based on the chart, but doubt anyone would be getting in for a technical trade at the current point in the FA journey. So it’s not really that surprising the price is falling daily. People giving up out of fear are selling and most who wanted exposure to Zapato have bought already. I imagine a few who want exposure to alamade will be on the sidelines waiting for Zapato to reveal itself or our ceo to narrate the alameda story further. So until then… it’s sellers with no buyers = daily falls.
 
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