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Sep 21, 2023 3:22 AM

Magnis reaching pivot Long

MAGNIS ENERGY TECHNOLOGIES LTDASX

Description

If the pennant pattern is to prevail, we should soon see a support at 0.067 area, and then a pretty much bull run for some time. This company has been painfully slow from investment return perspective, but it has all the right things going at the moment. The Tesla deal hits in from Feb 2025, and I think on a long term perspective, the chart aligns nicely with that time frame.

p.s. Trade at own risk
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