Further to my earlier post, the price action in the past 2 days...

Further to my earlier post, the price action in the past 2 days is definitely what would be expected for an explosive Wave 3. As mentioned, my initial Wave 3 target is 1.618 times the length of Wave 1 (so, 1.618 x 44.7c = +72.5c from the Wave 2 low of 25.5c) or a target of $0.98.

This is my initial target and how we arrive there will determine whether it concludes this Wave 3 at that point, or if we are going to see an extended Wave 3. From an Elliott Wave perspective, you would look for Wave 3 to be either of 1.618x or 2.618x or 4.25x the length of Wave 1 (these multiples all being based on Fibonacci numbers). In a super bullish scenario we could thus extend to as much as 4.25x Wave 1 which would give us a $3.35 target. I am NOT expecting that for this Wave 3 - I would think that would be more likely be a possible Wave 5 target assuming everything is coming together on the fundamental story for MNS.

The above is posted just for a bit of fun and should not be taken as investment advice. I always look to fundamental analysis in the first instance and charting is just an interesting bit of "hit and giggle" sideline analysis. So please, do your own research.