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2.6¢ melbana energy limited

Ann: Total depth called for Alameda-1, page-236

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Greed85

608 Posts.

44

17/03/22

17:29

Post #: 60258380
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Originally posted by prowiz: ↑

Just goes to show that a stock can do anything, 88E had immense momentum and volume behind it at that time and quite often when stocks enter these extreme phases they just keep running until they literally hit a brick wall. This is evident with short lived aggressive trends anyway

88E trading volumes once it started really moving were averaging around 680m -700m Vol per day for around 5 days or so, then all of a sudden it puts in a day with 1.5b volume then 1.78b on the day of the peak coupled with daily ranges doubling the average...

My point is all parabolic trends the really powerful ones end with this spectacular volume and range surge and expansion....

88E in April 2021 was more of a quick spike where as May seems something more than just a quick spike reminds me more of a DEG type of move... These types of moves usually coincide with some major fundamental shift.

Todays volume for MAY was only 77m (fair enough it was only 2 hours of trade) its safe to assume the volume would have been double had it been a full day. 289m vol is the highest vol so far for MAY in early Feb.

cheers

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excuse my ignorance and lack of research, but what was the catalyst behind DEG? i see it was trading at 4c then basically 25x

MAY Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $87.62M

Open	High	Low	Value	Volume
2.6¢	2.7¢	2.6¢	$108.2K	4.082M

Buyers (Bids)

No.	Vol.	Price($)
6	1576000	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	4290	1

View Market Depth

No.	Vol.	Price($)
6	1576000	0.025
8	891249	0.024
14	3244328	0.023
15	6224411	0.022
17	1554553	0.021

Price($)	Vol.	No.
0.026	4290	1
0.027	1551611	4
0.028	1600811	11
0.029	2219276	12
0.030	1323984	6

Last trade - 15.53pm 17/07/2024 (20 minute delay)

MAY (ASX) Chart