MAYApproaching key levels with Tl & res, bit of confluence. ADX at 30 with pdi above ndi is always helpful. Would like to see a close above the ema's
MAY trade ideas
$MAYwatching for a push above the breakout line for entry signal,
Green box is the target if we get entry signal.
currently backtesting the low for that "daily range" that sent the market lower into the 1 month consolidation.
A push above the ema's and into 95-96 price range will be but signal.. lets see.
FYI a lot of news coming from the US this month so got to be cautious.
$MAY- Possible Breakup- Above SMA & EMA Averages$May looking quite good, large volumes and big candle on the 28/07/22
Potential Long Trade - Buy Zone for MAYAfter reviewing Melbana Energy Limited information I see this zone as a potential buy zone.
$15 million has just been invested at $0.122 per share.
There are several price catalysts coming up in the near future - www.melbana.com
Drilling at Alameda-1 Completed
"...The Alameda-1 exploration well has been a great success, having revealed three independent and highly energized potential oil reservoirs, independent assessment of the first (and possibly, smallest) of which has already revealed the potentially globally significant scope of what we've encountered.."
Read more in the below PDF
www.melbana.com
$MAY.ASX - Daily, testing 1.8 res, trend still intact$MAY.ASX - Daily, testing 1.8 res, trend still intact...moving slowly...
$MAY.ASX - Daily, Price has held the reversal level...2.1 coming$MAY.ASX - Daily, Price has held the reversal level and still showing uptrend movement,...2.1 coming IMO
Took a position late yesterday, will see how it behaves around 2.1
