MAY 13.6% 2.5¢ melbana energy limited

TA only, page-567

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    So after today on the daily chart it looks like a retrace or consolidation might be underway....time again to let the Fib grid show which way the trend is heading via the 62% line...retrace/consolidation or continuation. (up trends move through the 62% line..retraces and consolidations find resistance at the 62% line) MAY retrace.png
 
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