MAY 13.6% 2.5¢ melbana energy limited

May Chart, page-6527

  1. 6,484 Posts.
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    I see your criticism and I raise you the following:

    https://hotcopper.com.au/data/attachments/4977/4977147-d74963b4e2bef58358801c8cf75b117e.jpg
    RSI heading back into overbought territory.

    https://hotcopper.com.au/data/attachments/4977/4977151-dc094bf2080aaabd36c0c867d217af4c.jpg
    A flattening of the squeeze momentum indicator, possibly signalling a trend reversal downwards.

    https://hotcopper.com.au/data/attachments/4977/4977155-407ded52895648ec165b4c5b4749ee3e.jpg
    The EMAs of the MACD trending towards interception possibly signifying a trend reversal downwards.

    https://hotcopper.com.au/data/attachments/4977/4977168-6218e5fa5a119cb58f80079b00f2c61e.jpg
    The wave trend oscillator is saying we are in the "shorting" zone and the oscillator itself says we are peaking and potentially going down.

    It was said best by Jay Sean here:
    https://youtu.be/oUbpGmR1-QM?t=73
    Last edited by Flambeau: 18/01/23
 
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