MNS
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0.00% 4.2¢ magnis energy technologies ltd

MNS EMA100/200 Death Cross

  1. robbo24
    10,922 Posts.
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    26/03/17
    22:07
    Post #: 23636214
    For the first time since December 2013 I see the EMA100 has crossed below the EMA200.

    This comes after about 9 months of lower highs and lower lows.

    The EMA200 has provided long term support and resistance on the chart below.

    Is MNS officially in a down trend with these longer term indicators hitting these levels?

    Will the exercise of options and potential for the market to be flooded with shares cause further strain on the share price?

    MNS Price at posting: 56.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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