MAY 3.57% 2.7¢ melbana energy limited

TA only, page-1710

  1. 6,524 Posts.
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    https://hotcopper.com.au/data/attachments/5060/5060520-51816096a92b5ff018191f5c3b62afb1.jpg
    The 9ema is about to cross below the 13ema, (probably tomorrow). A bearish sign

    The MACD has already crossed, which signals bearish downwards momentum. You can also see on the MACD bar chart an increasing bearish bar.

    https://hotcopper.com.au/data/attachments/5060/5060530-4704ce433c31fa247b1a165250229b6a.jpg
    "Three black crows are a visual pattern, meaning that there are no particular calculations to worry about when identifying this indicator. The three black crows pattern occurs when bears overtake the bulls during three consecutive trading sessions. The pattern shows on the pricing charts as three bearish long-bodied candlesticks with short or no shadows or wicks." source: https://www.investopedia.com/terms/t/three_black_crows.asp

    Today's close will determine if the "Three Black Crows" candlestick pattern is validated. After which, I expect further downwards momentum.
 
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