STTCOMP MAY, TA Long
Melbana Energy
Last: $0.022
Market Cap: $21 m
Relatively new stock listed end of last year.
Strong support level at 20 held for over 2 months, broke early this month and traded at 19 numerous times with HUGE RECORD volume but could not break lower. Sensing accumulation via a Bear trap here. Broke higher and above resistance level at 21 on Wednesday with new record daily volume. Possibly a turning point from here and a strong, decisive move to follow.
