MAY 6.67% 2.8¢ melbana energy limited

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  1. 14,530 Posts.
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    Daily chart, despite the retrace in price, the 9 above 13 ema up trend is still in tact..is it just a bit of short term noise or not? see how it progresses from here, but even if the 9 crosses below 13 in the near future there is most often a counter trend bounce up to 62% Fib (a lower high) while the 9 is below 13 to make a better exit..but at this stage suck and see...9 is still above 13 ema so up trend is in tact. MAY 9 above 13 ema .png
 
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