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5.0¢ melbana energy limited

Hi Kit, i'm thinking a short term bounce off the long term trend...

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Deus_EX_102

1,781 Posts.

733

31/01/24

09:41

Post #: 72150112
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Originally posted by Kit67: ↑

@Deus_EX_102 - Do you agree? - A double doji (particularly star dojis) sitting on that trendline is a screaming buy signal? Would be good to head from you and the other techs out there on this one.

If my hunch is correct, fundamentals will lift us off this line too. The double doji is quite rare like that (haven't seen one in yonks), so I think we are going to have a solid green day tomorrow. Some kind of news coming that won't see it gap but will see it climb solidly higher (back into the 7's).

Just got a feeling about this. Love to hear some opinions.

TIA

Kit.

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Hi Kit, i'm thinking a short term bounce off the long term trend line from here toward the bollie median to around the low 7's.

MAY Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.0¢		Change -0.005(9.09%)		Mkt cap ! $168.5M

Open	High	Low	Value	Volume
5.5¢	5.6¢	4.3¢	$1.018M	20.65M

Buyers (Bids)

No.	Vol.	Price($)
1	49793	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	20349	1

View Market Depth

No.	Vol.	Price($)
2	950000	0.052
1	19450	0.051
7	160255	0.050
2	300000	0.049
2	95000	0.048

Price($)	Vol.	No.
0.052	13826	1
0.054	200000	2
0.055	270000	3
0.056	548000	5
0.057	365000	3

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last 5.1¢			Change -0.005 ( 7.27 %)
Open	High		Low	Volume
5.6¢	5.6¢		4.3¢	9945213
Last updated 15.59pm 02/05/2024 ?

MAY (ASX) Chart