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4.2¢ magnis energy technologies ltd

MNS charting, page-1521

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globalstockguru

733 Posts.

1

04/11/16

08:33

Post #: 20363555
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Originally posted by robbo24 ↑

Indeed, yes, you have identified areas of support and resistance. But, again, you have not appear to have given much if any consideration to downside risk. Supports can fail - as you will be abundantly aware.

I'm not even disagreeing with you Higo - merely suggesting that not every double bottom results in a retracement or a reversal and not every test of support results in happy time.

Lower highs are still occurring and a failure of the support could be a prolific and epic one.

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Stop loss???

Allows you to take the high risk trades with minimal loss of capital if you get it wrong??

Google it, ts pretty common? This is a charting thread, hence a TA thread so the basics apply???

MNS Price at posting: 63.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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