MAY 2.94% 3.3¢ melbana energy limited

May Chart, page-11768

  1. 14,510 Posts.
    lightbulb Created with Sketch. 7747
    Spot on, I especially liked the ascending triangle on what was it a 5 min chart? Someone is trapped.

    The charts haven't changed for over a week now, still not providing any indications to re-enter. Lower lows and lower highs and MACD supports this.

    https://hotcopper.com.au/data/attachments/5714/5714393-104ec459a276fa3cb1a11b689a11c16a.jpg

    Even the shorter time frames are.....meh!

    https://hotcopper.com.au/data/attachments/5714/5714396-32c827e317e92482b14c13e99d1ccef6.jpg

    It will reverse again no doubt and provide another opportunity, folks are getting real good at it now.

    Cheers
 
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