MAY 6.00% 5.3¢ melbana energy limited

Hey guys, first time posting on MAY threads. Just want to say...

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    Hey guys, first time posting on MAY threads.
    Just want to say great work to @W3hunter for the charts and insight.
    It seems to me like there are a lot of positives to the recent retrace of MAYs sp.
    200 day ema has acted as a perfect support level where the share price tested multiple times during the recent decline.
    Today saw and inside day which imo is a good sign, just waiting for the 8 day ema to catch up to the sp a little before it resumes its new uptrend. Would be a great sign if the .382 fib level is reclaimed and closes above at .125.
    With big news on the horizon the chart is set up perfectly for an aggresive run up similar to the one seen on the way up to the recent highs.
    RSI trend line was broken a couple of days ago and today saw a backtest of it. Should push up tommorow imo.

    GLTAH

    https://hotcopper.com.au/data/attachments/4487/4487179-deae0b14cf942170d278df56228b4d7f.jpg

 
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