MAY
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3.33% 3.1¢ melbana energy limited

I think we would need total volume above 100mm to take and hold...

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  1. Kit67
    7,897 Posts.
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    11/09/24
    14:36
    Post #: 75629272
    I think we would need total volume above 100mm to take and hold 3.8. General rule of thumb is 6x screen-offered volume to get through and hold an area (and as there are about 8 million shares on screen between here and 3.8, that's about 24 million to churn through. Do-able I guess.

    (NB: that 6x number back-tests well. We have covered 1.3 cents for 78 million, and the screen offer between 1.9 and 3.2 was about 13 million).

    Kit.
    MAY Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
3.1¢ 		Change
0.001(3.33%) 		Mkt cap ! $104.4M
Open High Low Value Volume
3.0¢ 3.2¢ 3.0¢ $77.72K 2.484M

Buyers (Bids)

No. Vol. Price($)
3 308306 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 74464 1
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Last trade - 16.10pm 11/10/2024 (20 minute delay) ?
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