Today will be very interesting for me regarding both companies. As can be seen from the chart the last time MNS broke the trendline on its first rerate the end was nigh. With all and sundry calling fair value now for MNS versus KNL I think it interesting to see if this rally can be sustained for all the graphite contenders especially with SYR ann now out of the way. It being a Friday will not help the cause IMO. So if the others do drop or stall will KNL keep going? KNL has some big resistance at around 35-38c so we are close to that. Would not be surprised to see some profit taking in MNS as the chart tells prudence is required at these levels. I do not hold MNS(unfortunately) but if I did selling half and putting some into KNL would be my course of action but of course I am slightly biased to KNL so I am sure MNS holders won't agree. Must be tough decision for MNS holders though. Love the charts atm.
KNL Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
