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4.2¢ magnis energy technologies ltd

Ann: Application for quotation of securities - MNS, page-21

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Venge

2,237 Posts.

419

11/05/22

20:00

Post #: 61350882
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Originally posted by Venge: ↑

Thanks for sharing. 3000 not far off, drop called below 4000 would show significance and that hit today. We only need approx. another 3 days to see what comes to fruition at todays avg. I use both US and EU as a guide, especially on open (usually awake still). Close is most relevant for me and then try and apply that to ASX pre open to make a judgement call, usually for a buy signal. Oct 19 seems like to long for a bear market, though I think that depends on the sector. EV batteries/minerals are talk of town, I can’t see a bear market holding down that long. Though I have O&G stocks also and can apply a somewhat reverse logic.
One thing that does my head in, is fear selling, following a pied piper. I could carry on, but a long the lines of selling when fear sets in (creating fear), knowing rebound will come and buy back cheaper, ie instos.
Would love to hear any other info you have mate. Cheers

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@Griff5 I wasn’t to far off the mark, a little rebound today. Certainly not saying it’s over, but very fun to make guesstimations and they pay off. Time will tell I guess, but some solid support today. Let’s see what tomorrow brings. GLAH

MNS Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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