MAY 4.76% 2.2¢ melbana energy limited

Cuba Block 9: Operations Update 31 May 2024, page-161

  1. 7,740 Posts.
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    Generally speaking - To get through each pip takes a multiple of the screen-offer volume. If it is too thin, it retraces quickly. But your observation is correct - it looks much thinner (on the offer side) that we are used to. IMO this could easily run to 6.4/6.5, but I have a feeling that some punters are "stuck" at those levels and will sell into it when it happens. Nothing travels in a straight line (generally speaking).

    Kit.
 
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13 1893208 2.1¢
 

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Price($) Vol. No.
2.2¢ 70000 1
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