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4.2¢ magnis energy technologies ltd

Here's what I see. To be honest, 50 cents is far more likely...

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anf0

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187

23/02/17

21:01

Post #: 22859186
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Originally posted by globalstockguru ↑

Chart thread with very lttle charts.

looks like a 9 month trading range to me, yes waiting on off takes. We get offtakes and we should break out to the north. otherwise buy at the lows of the range and sell at the highs as has been repeated many time. Long term trend still intact.
I see nothing to indicate the end of a rising market, all time dump like some of the other graphite plays have succumb to. I see a spec stock edging along quite nicely.
yes it goes up and down but you take advantage of those fluctuations while continuing to to monitor the sector. i see nothing else that compares chart wise.

note the volues are at the top and the bottom of the channel with support and resistance being respected. View attachment 476651

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Here's what I see. To be honest, 50 cents is far more likely than 80 right now. The series of lower highs and a tightening range may even cause capitulation to the downside.

MNS Price at posting: 65.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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