MNS 0.00% 4.2¢ magnis energy technologies ltd

MNS charting, page-1196

  1. 9,963 Posts.
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    I told you all to sell at 58c but many didn't listen. I was right and you were wrong, even Ichimoku was wrong on that terrible call of his.
    upload_2016-2-16_14-18-20.jpeg

    a great dead cat bounce yesterday sucked in all the traders and allowed the longs to pile out yet again.

    Now MNS is showing a clear triple bottom at 33-35c on the annual chart, if that cracks and breaks down it may be back to basecamp of 20c or lower like TON before it. Its testing this low point many times, only a matter of time if it crashes it or holds it.

    With no income and no mine or infrastructure operating, its all blue sky mining here.
    Big great flakes can be found in corn flakes too.
    TON investors learnt the hard way. a CR and it goes up! What a laugh.
    Great news and it goes down, now theres a tell tale sign.

    I posted before the rises are met with high volume selling and if this interim low cant hold its back below to basecamp 20c.
    This is just a TA observation. Heres the picture, if I called the top at 58c right maybe I can call the bottom also.

    upload_2016-2-16_14-17-28.jpeg
    Last edited by tomboy: 16/02/16
 
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