This is probably the biggest head and shoulder that i can find that goes back 12 years ago. The left shoulder started back in 2010. Measuaring the neckline to the head we will be looking at -80% drop if the neckline breaks.
Honestly a 12 year neck and shoulders pattern for a stock moving quickly. Your logic is completely flawed. This isn't a currency price or gold price. This is an emerging company. They have graphite assets in Tanzania that aren't huge but very high grade (low cost to dig out)- and as of a month ago their lithium battery manufacturing plant is up! They will scale to 15,000 batteries a day! And then by 2030 only 7 years away 38 Gigawatts of capacity. We are talking hundreds of millions of annual revenue here. I believe about 238 million annual revenue and 30 million EBITDA based off the 1 GW of capacity. Also of great importance is does this company produce something unique!! Absolutely. It's using a mixed metal phosphate for the anode, that removes use of nickel and cobalt; two ridiculously expensive materials being used in lithium battery manufacture; while being able to increase the total voltage of each battery cell AND improve both it's storage capacity and how quickly it recharges compared to what's being offered to the market. I think Tesla will be most interested in their battery cells as it means cheaper batteries per KW hour for the car; with faster recharge times ; higher voltage means more power can be generated more quickly faster acceleration; and the greater capacity for the battery means longer range! Or it means Tesla can actually reduce its battery size while still maintaining the same range performance; offer a faster recharge; offer faster acceleration; and charge less since they are buying the batteries likely for less since no cobalt or nickel is being used... This company has enormous potential!!not to mention the just announced US tax offset per KW of battery apafitt produced; this amounts to 10s of millions a year of revenue to MNS! You fool. 12 year head and shoulders. Bloody hell reality check mate; you also need to see what's happening with the company . First battery revenues expected in sept 2022!
stantm23
⋅
@simoncarter184022, you might be right and i am just a purely TA guy. Care to show me your research so of what you said?