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5.5¢ melbana energy limited

So you're saying an ugly chart had no bearing on where the price...

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Mercury_Rising

989 Posts.

274

11/08/23

20:23

Post #: 69298324
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Originally posted by slick ↑

Well firstly that’s 2 trading sessions ago not 1. There’s a Thursday session in the middle.

Longreach if you’ve been following my charting at all over recent months you will have noticed the indicators I use and the consistency in which I stick with them when posting. Therefore after Wednesdays session when the SP was below the 8ema and bollie median, ( two pivotal indicators in my system) then I’m going to post that the chart was ugly. But I did say that it was in a range which I’ve been trading in. Hence my comment on being honest.

Two sessions later and nothing had changed until late in todays session as a bit of fomo stepped in. And the indicators that I’ve posted today reflect that.

So let me ask you. Reading my charts posted on Wednesday and now today, how would you describe them when there’s a 10% difference in SP’s?

Cheers.

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So you're saying an ugly chart had no bearing on where the price would go next..?

Last edited by Mercury_Rising: 11/08/23

MAY Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

3 Great analysis

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(20min delay)
Last 5.5¢		Change 0.002(3.77%)		Mkt cap ! $185.3M

Open	High	Low	Value	Volume
5.2¢	5.5¢	5.1¢	$261.5K	4.892M

Buyers (Bids)

No.	Vol.	Price($)
1	125000	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	422199	2

View Market Depth

No.	Vol.	Price($)
1	125000	0.053
4	355173	0.052
2	19803	0.051
4	359780	0.050
2	115003	0.049

Price($)	Vol.	No.
0.055	422199	2
0.056	284321	3
0.057	230000	2
0.058	406379	3
0.059	254025	3

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 5.4¢			Change 0.002 ( 3.85 %)
Open	High		Low	Volume
5.3¢	5.5¢		5.1¢	1548133
Last updated 15.58pm 06/05/2024 ?

MAY (ASX) Chart

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