At an important crossroad here for TA. At 27c, we are resting on the long term trendline (yellow), and the symmetrical triangle that has been in play since May. Depending on the details of tomorrows CR, we can see a breakout, or breakdown (as swing traders exit). Will be a heavy move considering this accumulation phase has been in play for a while and we have a solid base in high 20's. Let's hope it doesn't break down otherwise it will be a difficult road back up.
25 cent gap is still looming. Current support is 26 cents.
TLDR; tomorrow's announcement has direct implications for both TA and FA.
Daily:
Weekly (for reference, if you wanted to see why I've drawn the trendlines):
Weekly is a good reference for the long-term trend. Here we can see the MACD and momentum indicators turning bullish also.
Have been trading this for a while, and MNS seems to follow TA to a textbook.
Good luck tomorrow, all
Tom
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