MAY - Melbana Energy

[greggles]

Whats an inside day mate?

Understanding an Inside Day Pattern With Example

An inside day is a chart formation that occurs when the entire daily price range for a security falls within the price range of the previous day.

www.investopedia.com

 

[Swervin Mervin]

Understanding an Inside Day Pattern With Example

An inside day is a chart formation that occurs when the entire daily price range for a security falls within the price range of the previous day.

www.investopedia.com

Thanks mate but I just can’t see that happening tomorrow. The gap up on open will put it out of play

 

[frugal.rock]

Had a sqiz at the chart earlier, and 2 other big vol day pops has occured this year. The day after on both was an insider, perhaps a higher open on them?, can't remember that now...?

FA on all 3 pops would help forecast an outcome tomorrow.
Whats a fair rerate MC from potential future earnings from today's ann?

 

[tech/a]

Thanks mate but I just can’t see that happening tomorrow. The gap up on open will put it out of play

You could be right. Pretty rare for a stock to continue to rise 50-100%
But it does happen.

Often the initial heavy buying stops and heavy selling (profit taking) takes
its place.

If I were in the Trade early Id be watching for the first signs of weakness to maximize profit.
If I wasn't ( Didn't see it until mentioned!) I would pass on it now until some sign of consolidation to then
consider. All the best with this trade.

 

[tech/a]

I'm afraid price action is pretty clear that unless there is some significant news MAY
has reached its highest for the for seeable future. Any trading below its opening gap would be
out for this Duck.

 

[tech/a]

I'm afraid price action is pretty clear that unless there is some significant news MAY
has reached its highest for the for seeable future. Any trading below its opening gap would be
out for this Duck.

There was some good money to be made on this had you been early.
Big savings of potential capital losses by adopting the early "Sell
on the first sign of weakness" ( Trading below the gap up open price)
approx 22% currently.

 

[Swervin Mervin]

There was some good money to be made on this had you been early.
Big savings of potential capital losses by adopting the early "Sell
on the first sign of weakness" ( Trading below the gap up open price)
approx 22% currently.

Fair call mate but its just taking a breather. 7.8c high from yesterday will be in the rear vision mirror tomorrow arvo

 

[tech/a]

There are pauses in down moves as well.
Without further strong positive news I’m sure
holding will be expensive under .071 c
(the ideal exit this move in my opinion)

Good luck your definitely a passionate holder.

 

[tech/a]

Enjoying the price action and the challenge in charting this.
So thought I'd post this up.

 

[Swervin Mervin]

Enjoying the price action and the challenge in charting this.
So thought I'd post this up.

View attachment 137449

Thanks mate! Will be interesting to see if it does blast through. ?

 

[frugal.rock]

Stall alert...

 

[tech/a]

Testing the high
Will see if supply returns or withdraws
No supply demand will pay more and holders will demand more

 

[Swervin Mervin]

Testing the high
Will see if supply returns or withdraws
No supply demand will pay more and holders will demand more

Bit disappointed it didn’t close at HOD. Should push on tomorrow

 

[tech/a]

Well if it blasts through it should continue
if it limps up and pulls back it will indicate a top .
A gap to new highs that isn’t filled is ideal
a new spike high only to return and close below
open would be disappointing.

 

[frugal.rock]

I have noted hidden supply on 8 cent (big negative volume on indicative price/ dark market)

 

[Swervin Mervin]

Well if it blasts through it should continue
if it limps up and pulls back it will indicate a top .
A gap to new highs that isn’t filled is ideal
a new spike high only to return and close below
open would be disappointing.

Big selloff into the close!

 

[tech/a]

A quick look.

 

[Swervin Mervin]

A quick look.View attachment 137650

Yes finding it very hard to break through 8c. IMO might retest 6c before it has another crack at 8

 

[Swervin Mervin]

8c finish today?

 

[frugal.rock]

8c finish today?

Hmmm, you loading up at close? ?

PS; did I meet you at a Priceline conference charity event in Perth a few years ago?