MAY 13.6% 2.5¢ melbana energy limited

May Chart, page-4055

  1. 12,912 Posts.
    lightbulb Created with Sketch. 1055
    A few things confuse me about your post

    1, RSI is very high
    2, Not sure why you have chosen the top of a red candle as your next target(as one would normally set support and resistance levels).
    3. Bollinger Band is extremely constricted at upper end.
    4.With no news imminent on progress with oil in Block 9 one simply wonders is something may be forthcoming with the Tassie project.


    https://hotcopper.com.au/data/attachments/4908/4908841-ac0fdf6a1bb6f44e216b1efb8df1b0fd.jpg


 
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