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4.2¢ magnis energy technologies ltd

@Cabbie, care to share your thoughts on the past weeks...

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bmng

274 Posts.

22

11/11/20

09:34

Post #: 48786783
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Originally posted by Cabbie: ↑

That 21 level threw it's weight in again on Friday and kept MNS in the lower half of our channel, at least the fright a few days ago was met with demand so all good and it appears accumulation still occurring.

The makers, as I call them, are probably making more out of MNS than any long term holder will but that activity is what generates a chart. I've lost count of the no.of times that they've traded it between 18.5 and 21, they probably have too.

For those that like patterns there could be a cup and handle forming commencing on about the 8th Feb. Sometimes these work out and sometimes not but worth keeping in mind.

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@Cabbie, care to share your thoughts on the past weeks movements?

thanks
bmng

MNS Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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