TA only thread, page-121

Chart update. Consistent lower highs predict a lower low, and we're running out of room in this wedge. Not long now before we're into the 40's. I underestimated the effect of the raging bull market on small speccies like Magnis, but with the ASX tanking we're finally getting a fall here.

I still believe the downward pressure will accelerate substantially once we break through the green support line, and I believe we'll see 25 cents act as the next major support level.