The monthly MACD paints paints the best over arching longer term...

The monthly MACD paints paints the best over arching longer term market assessment of the MNS price trend, in my opinion.

The long term trend changed to bearish early 2017, around about the same time the company focus diverted to battery gigafactories and Nachu seemed to take a back seat. The bearish momentum has been unrelenting since. The chart clearly shows the judgment of the market since.

Some say this is an efficient market efficiency at work... i.e that the market always values a listing efficiently and that the market is never wrong, despite what anyone claims to the contrary.

Market efficiency also states that to look at a bearish chart and still be bullish would only be caused by cognitive dissonance, a state of denial of sorts, and a phenomenon in human behavioural science.


IMO it will take a lot to turn this trend around.