MAY 4.35% 2.2¢ melbana energy limited

May Chart, page-2797

  1. 13,993 Posts.
    lightbulb Created with Sketch. 7783
    Not a waste of time for shorts, remember its dropped 50% from 12c but they have a 100% buffer (6c) to get back there and get stopped out, if you go long from 12c -18c a 50% rise its only 33% buffer (6c) to break even..the math favours shorts to just keep grinding it down and increase that buffer exponentially...We need oil and lots of it.
 
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