An interesting trading day for MNS. Good volume for a change....

An interesting trading day for MNS. Good volume for a change.

Technically on the bullish case side: 10 cents was tested on good volume and it survived as support...in fact MNS went up to 11 cents so that encouraging, Cabbie and his Whycoff friends would call that a "test of support". It was also MNS best volume green day for 5 months. So that's encouraging too . Buyers won the day and that's all that matters.

The Bears will claim that today wiped out most of the 10 cent support line, and that a few late trades made the result a green day. But the market is what it is, Bears will also claim that this test of sub 10 cents maybe just the beginning of the dam wall breaking, and that without 1o cent support lines reloading soon, then MNS will be vulnerable to the downtrend continuing.

To be fair, I think MNS holders can take some confidence from todays trading. If there's follow up buying tomorrow on that sort go 1M+ buying it would be good sign. The fundamentals are a whole different story.