MAY 4.35% 2.2¢ melbana energy limited

May Chart, page-11755

  1. 43,954 Posts.
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    All we need is a close above 7.5 cents and it could be 10 cents by next week if it pulls back tests 7.5 for support then trends higher but until we see a break and close above 7.5 and a successful test of the breakout line it is all pie in the sky because a break, close and retest of 7.5 cents is a minimum requirement for the uptrend to be extended and for the next leg higher to be confirmed.
 
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