MNS 0.00% 4.2¢ magnis energy technologies ltd

tomboy_Where are you, page-3

  1. 9,814 Posts.
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    tomboy is here!

    Im watching and thinking this 29 March run from 30c to 52c is impressive on such low volume
    but since 15 April its flatlining at the top around 50c
    will take large volume buying to smash the interim tops of 55c-58c

    Remember I correctly called the top of 58c last August.
    I also said its trying to find a bottom from 40c to 30c and then called a 20c bottom
    so it got to 28c on 1 March not far off what i said.

    Barchart showed 100% sell at 28c a sure sign of a conviction BUY countertrend.

    Thos who bought at 20c and sold at 58c and bought at 28c again have made a mint
    I think Itchimoku said he did that.
    Yet he also was a buyer at 45c on the collapse from 58c.

    Sure
    Im watching for another top out pattern here
    lots of green bars on low volume shows its being manipulated higher with nominal large buying involved
    looks mainly traders and STs involved and not many LTHs.

    now barchart shows
    80% ST MT buy
    but LT indicators are only 33% buy
    so maybe peaking at prior highs of 55c-60c again, I wait to see the action this week.
    Magnis Resource Ltd (MNS.AX)

    + Alert
    + Portfolio
    0.520+0.020 (+4.00%) 2:31A EDT (ASX)



    Detailed Opinion as of Fri, Apr 22nd, 2016
    Detailed Opinion

    Show Signal Strength and Direction
    Column 1 Column 2 Column 3 Column 4
    0 Composite Indicators Signal
    1 TrendSpotter Buy    
    2  
    3 Short Term Indicators  
    4 7 Day Average Directional Indicator Buy    
    5 10 - 8 Day Moving Average Hilo Channel Buy    
    6 20 Day Moving Average vs Price Buy    
    7 20 - 50 Day MACD Oscillator Buy    
    8 20 Day Bollinger Bands®   Hold  
    9  
    10 Short Term Indicators Average: 80% Buy

    GLTA short traders
    But it maybe time to take profits at 50-60c again.
    30-55 is a great return every 6 months.
 
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