MAY 0.00% 2.0¢ melbana energy limited

May Chart, page-11918

  1. 9,750 Posts.
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    Unless you’re HFT the daily and moreso the weekly chart is where you need to be focused. Daily to identify the ST trend, Weekly to identify the LT trend, simples. No disrespect to Patterns but posting 1m, 5m, 30m, 1hr charts on an illiquid, news driven smallcap….well no wonder it’s not conforming. IMO, there are 2 imminent events that will move the needle here and bring these charts back into play….post AGM news flow (those playing along at home know why it’s radio silence until this date) and money flowing in from the other big imminent drilling results, regardless of a -/+ outcome. I have decided to slowly position myself back in ahead of these events, although it does go against my own investment rules, the resource/acreage is too good to ignore. I sincerely hope there’s a message sent and more importantly received, at the AGM. If not, I’m happy to reverse my decision and bail again at the first sign of nonsense.
 
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MAY (ASX) Chart
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