MAY 4.35% 2.2¢ melbana energy limited

May Chart, page-10710

  1. 13,993 Posts.
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    If your very long term 5 -10 yrs then yeah don't worry about the drop..but relevant to the last 12 months price cycle this is the equivalent to the front of your boat snapping off imo..personally I think this will go much much lower and from down there is where the next cycle will set up....  gaps and multibags still but from a much lower price point....as I said if it had gapped the other way above the 62% Fib next stop would have been in the 20s..didnt happen this time...on to the next one. MAY failure.png
 
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