MEL has just formed the most technically perfect bullish continuation pennant I have seen in many years. The chart is text book stuff and the current price is the mid-point of the uptrend to around .65 if the upward breakout starts in the next few days. Look at the following examples and then look at the MEL chart.
http://dailyforexjournal.com/post/pennant-pattern.html
http://www.incrediblecharts.com/technical/flags_and_pennants.php
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 (20min delay)
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 8098963 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 9685686 | 11 |
View Market Depth
| Last trade - 16.21pm 19/09/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable