MAY 0.00% 5.6¢ melbana energy limited

May Chart, page-12717

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    So obviously the market rejected whatever was announced last week. MACD crossed to the negative on the 15th so wasn't worth the risk of taking on the range.
    It's not for me, but I would expect a small recovery tomorrow because today's candle is too far outside of bollies. We'll see. But overall trend is certainly negative unfortunately.

    Cheers

    https://hotcopper.com.au/data/attachments/6133/6133253-f2f3a337abcf50104d278945338b16ef.jpg
 
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