MAY 4.17% 2.3¢ melbana energy limited

I wouldn't be surprised in the least if they try to drive this...

  1. 3,688 Posts.
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    I wouldn't be surprised in the least if they try to drive this back down for a few days to test the support zone and shake a few out. Could be a few days before news etc.
    If you hold based on FA then this won't worry you in the slightest. If holding based on TA then it might allow a "mean reversion" trade if it does indeed fall, the ol' dip below the ema's without a cross. If it does dip under 10c on low to average volume then it's probably a chance to add for me. IMO.


    https://hotcopper.com.au/data/attachments/5474/5474242-f5769c3e81d424c72c4ca88c9ecf01dc.jpg
 
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