MNS Chart Action

Below is a weekly chart of Magnis Resources Ltd (MNS). There was a recently a buy signal when PA had a breakout above $0.58 - $0.635 resistance area with conviction. SP had an awesome +7% rise today on the back of the NFP/commodities rally. A pull-back to near $0.60 could be seen as a buying opportunity, however those days are probably gone for now.

MACD formed a bullish up-cross during early-Q2 since with an expanding +ve histogram. Histogram is at its highest level (0.025) and rising since the up-cross. A bullish signal.

Stochastics has recently formed bullish higher-lows since becoming oversold at the end of Q1. Stochastics %K is currently at 90.66 within the bullish continuation region and looks established. These are all bullish signals.

IMO bullish over the next 6 - 12mths. DYOR