MAY 9.52% 2.3¢ melbana energy limited

May Chart, page-6090

  1. 14,025 Posts.
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    While observing all the "potential resistance areas"...the breakout from last consolidation (068c) on the 60 min chart has still not signaled a sell according to the 9 above 13 ema (let alone the daily chart 9/13 ema from about 5c) ...this is a lagging system and doesn't aim to pick the top...as mentioned before "5 below 9 ema signals a slowing down"..then next lower high at 62% Fib signals a sell....
    .is that clear enough even for Roche? MAY 60 min 10c.png
 
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