MEL has just formed the most technically perfect bullish continuation pennant I have seen in many years. The chart is text book stuff and the current price is the mid-point of the uptrend to around .65 if the upward breakout starts in the next few days. Look at the following examples and then look at the MEL chart.
http://dailyforexjournal.com/post/pennant-pattern.html
http://www.incrediblecharts.com/technical/flags_and_pennants.php
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $95 | 47.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 15249999 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10310815 | 9 |
View Market Depth
| Last trade - 09.59am 15/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |