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MAY - Melbana Energy

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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?
 
Swervin Mervin said:
Thanks mate but I just can’t see that happening tomorrow. The gap up on open will put it out of play
Click to expand...

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.
 
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 said:
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.
Click to expand...
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.
 
tech/a said:
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.
Click to expand...
Fair call mate but its just taking a breather. 7.8c high from yesterday will be in the rear vision mirror tomorrow arvo
 
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.
 
Testing the high
Will see if supply returns or withdraws
No supply demand will pay more and holders will demand more
 
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.
 
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