MAY 4.55% 2.1¢ melbana energy limited

May Chart, page-290

  1. 14,009 Posts.
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    Could go either way yes..luckily the CR price being potential support at 12c is not to far away, on the other hand were still travelling under very strong compound momentum (bullish daily and weekly macd momentum) and if the recent sideways bit around 7c has market the half way point as they often do in these one way moves then were looking at a target of around 23c for next pause..the wind is also behind us in this "blue sky" situation so all TA looking fairly good at the moment.. MAY either way.png
 
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