MNS
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0.00% 4.2¢ magnis energy technologies ltd

4.5 cent gap on open, page-19

  1. Tradergimp
    2,421 Posts.
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    17/12/14
    16:49
    Post #: 14476380
    I think the gap will close,
    reasons

    1. Ultra high volume for last 3 months, the market hates ultra high volume up bars, and this gapped up.

    2. Nice wide spread bar but it closed on it's lows, supply overcoming demand. My opinion gap will close, may do it tomorrow or in a few weeks, but atm not showing alot of strength IMHO.

    DYOR.

    Longs disregard you know my time spans are short.

    Screen Shot 2014-12-17 at 3.43.24 pm.png
    MNS Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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