MAY 13.6% 2.5¢ melbana energy limited

May Chart, page-8187

  1. 13,993 Posts.
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    Confirmation would be a big gap up and over the 62% Fib line with some FA news but then that would be too late!..I always try to leave it as late as possible..8-9 ducks out of 10 sort of thing....anyway in order to breakout of a down trend (ie get above the 62% line) we need double the short term momentum, in this case that's daily and weekly momentum, we need both of these to be in up trend..its taken a very long time since this last happened but we have that now and this 2nd series of higher lows (HL) pushing into the 62% line look like they're ready to have a serious crack at it again...all this TA lines up with a potentially exciting announcement soon..see how we go.. MAY 2nd up trend.png
 
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2.5¢
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2.2¢ 2.5¢ 2.2¢ $308.5K 13.27M

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Last trade - 15.59pm 15/07/2024 (20 minute delay) ?
MAY (ASX) Chart
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