MAY 4.35% 2.2¢ melbana energy limited

May Chart, page-10185

  1. 13,982 Posts.
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    Nuh not me, too old to get involved, the chart and price action says it all and it's been a great week.

    That's a very ugly candle to finish the week with unfortunately and tells us that there are still opportunities abound. A spread from the upper bollie to median line on the day that there was supposedly good news (I'll take the pundits word for it) tells us that the market isn't convinced. What was needed was a close on the high of day to give a spike Monday not a close on the low of day.

    So the trade-a-thon continues next week.

    https://hotcopper.com.au/data/attachments/5482/5482415-42c6c5dd0be1ffdcb2f3cc49cca5c2ab.jpg

    Weekly is still good while it's above the 8 and 20ema's, very wicky up top but still good. Man that .105 magnet is a beauty.

    https://hotcopper.com.au/data/attachments/5482/5482432-e09e1d31f987d4f5dc495a88cc9eae17.jpg

    Cheers
 
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