MAY 10.3% 3.2¢ melbana energy limited

May Chart, page-4295

  1. 13,687 Posts.
    lightbulb Created with Sketch. 1097
    Updated chart to show some interesting developmentssmile.png

    https://hotcopper.com.au/data/attachments/4910/4910826-2b3e32507650f43bd8470733ac6340d4.jpg

    1. MA's are setting up quite nicely -3WMA and 8WMA and now 50SMA is about to line up under both.https://hotcopper.com.au/data/attachments/4910/4910819-7b8ccca3e22d700ee48795e5f7f406d1.jpg
    2. RSI is high but MAY has a propensity to absorb higher in the past -so is not a hurdle at present.
    3. Above 78 becomes quite interesting, and
    3. What is extremely worthwhile is to hope that the Golden Cross may soon come into play (I will update at that point)

    All the best

 
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