MNS 0.00% 4.2¢ magnis energy technologies ltd

MNS - Chart Thread, page-400

  1. 39 Posts.
    lightbulb Created with Sketch. 68
    this one is for the chart lovers out there...

    MNS has finally broken out of the ascending wedge, resistance was at $0.435 tested 3 times, this last 5 trading days the price stayed close to the breakout zone, different the 2 other times that the SP headed to higher lows.
    I hard push to $0.53c is likely, but we might see a retest of the $0.435 first.

    I have also indicated with a blue arrow the recent golden cross on the daily chart, the last time MNS had a golden cross (daily) with the candles ABOVE the moving averages was in july 2020, and the SP ran very hard.

    upload_2023-1-25_8-34-46.png
    with the incoming news about battery certification and first revenues dropping some time this quarter, the $0.53c resistance shouldn't be an issue.

    good luck to everyone
 
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