MAY melbana energy limited

May Chart, page-13243

  1. 1,577 Posts.
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    I think you forgot the basics of trading. The idea is to buy low and sell high and you learn more from historical trading on a stock like Melbana than from a chart at the end of the day.

    You have to look at what the majority of trades are doing through the day (WVAP), not the opening or close when you get a seller of 86 shares at .024c and a buyer 85 shares at .025c., which the majority of .024c trades have been.

    It has been clear the SP has been manipulated fro 12 months by a few traders and any delays in the announcements can be used to their advantage, by placing large sell orders out of the market. You will find that a lot of holders will have both buy and sell orders in place

    If you believe in the long term view of a stock, you can still make short term decisions on a portion of your portfolio. The idea of having buy orders at .024c is on the basis that you think some sellers might be desperate to sell in the short term and you believe it has some real short term upside ( and you have just sold some at .028c -( because the "Charts state it will fall),

    In the next 2- 6 months - the SP will solely be determined by results, not what the Charts are saying now on nominal daily trading.


 
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(20min delay)
Last
2.6¢
Change
0.002(8.33%)
Mkt cap ! $87.62M
Open High Low Value Volume
2.4¢ 2.6¢ 2.3¢ $70.57K 2.958M

Buyers (Bids)

No. Vol. Price($)
2 183567 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 170778 7
View Market Depth
Last trade - 16.10pm 25/07/2025 (20 minute delay) ?
MAY (ASX) Chart
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