MAY 4.55% 2.1¢ melbana energy limited

May Chart, page-4501

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    I would expect a bounce back towards 074c to fizzle at about 068c-07c..everyones aware of the 62% Fib resistance at 074c now and as Simon just said this is a bear market and this is still a sever down trend for MAY...now of course anything other than that like some great strength through firstly 068c and then 074c would be telling us something very different and we would be wise to stay open minded at that point and watch for 074c to become a new support..
    Last edited by W3hunter: 14/12/22
 
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