MAY 5.56% 3.8¢ melbana energy limited

May Chart, page-5276

  1. 14,488 Posts.
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    Mate, you're on the wrong thread! Your wasting your breath telling TA folk about extracting oil, couldn't give a dam. The fundy threads will appreciate your info.

    SP is still holding above the 8ema but a couple of things concern me and that's the rolling over of the top bollie band which matches in with the continuous high candle wicks when supply comes in during the day. Well done to those still getting trades though.
    You still have to like the chart when the median line is rising and the SP remains in that bullish channel but a couple of tell tale signs are appearing IMO. Would love to see a bigger volume day and a close above .065 to regain confidence.

    Cheers.

    https://hotcopper.com.au/data/attachments/4939/4939502-f1451bbe48782d8659318984f46b57a7.jpg

 
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