STTrading weekend thread 3rd and 4th of March 2024, page-38

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    STTCOMP MAY TA LONG


    Melbana Energy Limited (MAY) oil and gas exploration in Cuba and Australia together with the Tassie Shoal Methanol and LNG Project


    Market Cap: $208,952,654

    SOI: LOTS! ( 3,370,204,104 )


    MAY has a tweezer bottom on the monthly chart.

    https://hotcopper.com.au/data/attachments/6005/6005165-3d3a7145dfae31ff6f1806fec210aa5f.jpg

    On the daily MAY has been consolidating in the support zone along the weekly and monthly support line . A bullish engulfing on Friday 1st of March and RSI has been trending up during the consolidation period.

    https://hotcopper.com.au/data/attachments/6005/6005174-1e92fda9057b1ef8d0a03b5ecfa40c89.jpg

 
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