MAY 4.35% 2.2¢ melbana energy limited

May Chart, page-11492

  1. 6,481 Posts.
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    https://hotcopper.com.au/data/attachments/5663/5663378-a869a03e057f6e49c394e3e06e1310cd.jpg
    I'm buying, the following looks good to me:
    -multiple touches of $0.062 (including 23/08/2023, [not displayed on the above chart])
    -MACD and signal line cross (bullish)
    -RSI once again about to touch the "oversold" line
    -about to break out of the descending wedge

    https://hotcopper.com.au/data/attachments/5663/5663384-147d9f9d1b04cfff174c6775f16115a4.jpg
    source: https://www.babypips.com/learn/forex/wedges
    https://hotcopper.com.au/data/attachments/5663/5663387-e4fd1aeea8b66c4ba6e645cd20dd0bf2.jpg
    source: https://www.investopedia.com/terms/m/macd.asp
    https://hotcopper.com.au/data/attachments/5663/5663390-4652a291de6bf7fce8d5de2293882f87.jpg
    source: https://medium.com/mudrex/rsi-masterclass-part-1-cb38e6b65f1a
    https://hotcopper.com.au/data/attachments/5663/5663392-f09651dd0e30b112fd74e7287b02f511.jpg
    source: https://www.thinkmarkets.com.vn/au/learn-to-trade/indicators-and-patterns/bullish-patterns/triple-bottom-pattern/

 
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