MAY 13.6% 2.5¢ melbana energy limited

May Chart, page-8180

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    Daily charts x 2, One of the very early signs of breakout is when the 9 ema is able to get above the 62% Fib level, quite often price will pop its head above there creating a "bull trap" only to fall back below again but the 9 ema rather than price is a truer reading for a 62% resistance break. 086c is the current 62% Fib for the 9 ema..(lower chart). MAY 9ema 095c.png MAY 9 ema 086c.png
    Last edited by W3hunter: 13/06/23
 
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