MAY
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6.25% 3.0¢ melbana energy limited

There was some solid volume in that sell off today and has most...

  1. slick
    13,950 Posts.
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    02/11/23
    18:14
    Post #: 70696618
    There was some solid volume in that sell off today and has most indicators heading south.

    https://hotcopper.com.au/data/attachments/5705/5705701-3c78e0c42556456924cce3dd3dfa4035.jpg

    Strange to see the highest volume was at the low of the day?
    https://hotcopper.com.au/data/attachments/5705/5705706-48de204d548154562850bcc84d3b1a83.jpg

    There's a high probability of seeing a lower low for every day of this week. MACD also rejecting any sort of positive move.

    https://hotcopper.com.au/data/attachments/5705/5705711-ed91bf8e671dc0e01026fdf7bf6705cc.jpg

    Anyway, let's hope for a reversal, it's certainly in entry territory but need to wait for confirmation.

    Cheers.
    MAY Price at posting: 6.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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