MNS 0.00% 4.2¢ magnis energy technologies ltd

Where? How?? high volume capitulation? Your joking surely, You...

  1. 733 Posts.
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    Where? How?? high volume capitulation? Your joking surely, You good at charting Archer and i appreciate your views but I think you would have to agree. There is signs of strength over 3 time frames, I would really expect this to go higher next week, especially as its sitting right on support.
    cant currently upload any images??

    So weekly, Sign of strength. Lowest weekly volume in 12 months and its a down bar. Strength is seen in down bars and weakness is seen in up bars. Also sitting right on support.

    Daily, Increase in volume but closed off its lows. Buyers overcoming supply, sign of strength 2.

    Hourly chart. Almost a mini shake out, dribbled along all day and then bam they pushed it lower and supply was immediately overcome with buyers closing high on the bar. Sign of strength 3.

    Will upload charts when HC starts working again.
 
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