MAY 6.06% 3.5¢ melbana energy limited

MAY 4H - Break out from the bull flag and retest complete....

  1. 340 Posts.
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    MAY 4H - Break out from the bull flag and retest complete. Looking for a PT at 1.6180 ($0.340 or 130%). Nice confluence with the flagpole as the price target. Perfect trade set up and I am sure plenty of swing traders have MAY on their radar now. I would like to see increased volume on the breakout and if we do, I will be entering a trade also. MACD with a nice cross but the Stoch is OB and RSI neutral. IMO we see a run this week after 14 days of consolidation.

    https://hotcopper.com.au/data/attachments/4234/4234298-90fdcbe2820f840b57dda9ff9da44315.jpg

    1D - Chat still looks fantastic. Stoch with a bullish cross but MACD currently bearish (looking like it wants to turn bullish). RSI neutral leaving room to run. With this HTF I want to see a close above my resistance level (tick) retest then take off. As always when we get our next positive ANN - TA/PA is out the window. Until then this one is primed for a few swing traders. IMO great time do keep DCA in to this one!! DYOR and not financial advice.
    https://hotcopper.com.au/data/attachments/4234/4234309-a2e68c373c12a39265d1e24d8dfdbe07.jpg

 
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Last
3.5¢
Change
0.002(6.06%)
Mkt cap ! $117.9M
Open High Low Value Volume
3.3¢ 3.6¢ 3.3¢ $577.5K 16.92M

Buyers (Bids)

No. Vol. Price($)
5 1018559 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 1521853 6
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
MAY (ASX) Chart
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