For those interested in charting, just thought I would put forward my current MNS chart. I tend to use Elliott Wave analysis and so have marked up my interpretation of the current wave count for reference based on a daily chart from the lows of April 2020.
I called the April 2021 49.5c high as the end of Wave [1] and that conclusion was reached due to the MACD divergence (MNS higher highs between the two peaks but MACD had lower highs matching). I find this is a very useful determinate of the end of a wave. If this count is correct, we are now into Wave [3] and have concluded Wave (1) of this Wave [3] with the 75.5c high. I believe we have now seen the conclusion of corrective Wave (2) which saw an almost perfect Fibonacci 68.7% correction of the move from 26c to 75.5c. If this count is correct, we are just in the beginnings of Wave (3) of [3].
My interpretation only - I use charting as an adjunct to fundamental analysis and so am just presenting this for interest and comment from fellow chartists.
GLTA & DYOR
- Forums
- ASX - By Stock
- MNS
- Chart
Chart, page-115
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add MNS (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
MNS (ASX) Chart |
Day chart unavailable