MNS 0.00% 4.2¢ magnis energy technologies ltd

Price Targets from my TA on TH lift day Tuesday isn't it?...

  1. 7,432 Posts.
    Price Targets from my TA on TH lift day Tuesday isn't it?
    mns_ax03jul14_to_01jan15.png
    based on 'duplication' of the Rise from the first offtake as per fibionacci

    A 29 Close would be an excellent result, With a 32 close Fantastic. Note CLOSE not just trading at it but Closing.
    The Great Disappointment to LT MNSers is a strong Opening Gap at say 25cents. This could set up a reverse candle[open higher than close] like last time.

    Close on High relies on Ongoing Buying ALL Day not just the open. Major say 50-100% Close Candle require Heavy Ears Pinned Back buying in the Afternoon Session 2Pm on.

    A "problem" for MNS imo is the Oppies in that they will divert trading action from the heads especially of short term/daytraders.
    Anyway so my prediction for THlift day CLOSING is 26 cents most probable
    ranging to completely out of current sector behaviour of 28/29 CLOSING.

    In short It's not going to 50 cents
    sorry rah rah's,

    Happy Trading and New Year.
 
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