MAY 6.06% 3.5¢ melbana energy limited

May Chart, page-11432

  1. 13,947 Posts.
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    Homework day for next weeks preparations.

    Chart see's another week of sideways PA only now at a step down level. MACD is now flatlining so need to wait for it to have a pulse before thinking of any entry IMO. SP is now printing below the 8ema and way below the bollie MEDIAN line.
    Opportunities will come, just need to wait for the signals. Shame the fundamentals never stacked up with the current price of oil.

    Cheers.

    https://hotcopper.com.au/data/attachments/5619/5619261-8a8b5cdac8dcc3a8c5f7b29824cf87b4.jpg


 
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