Long term support coming from trendline and previous resistance.. will be interesting to see how it behaves next week. Taken a parcel at 42c today for a bounce trade to 49c. Lets see if it hits it before finding a base until the dust settles. Be wary holding this though due to the negative market.
support and pump news = big rebound. would be careful to enter here though. would definetly wait until next week for a new entry. im out for now
TAjames
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good result.. lucky though thanks to the AGM.
TAjames
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support is a strange one, because its buyers sentiment that creates it.. right now there is a big wall at 40c, but if that goes, then yes, it could definetly keep going to 31c. definetly wouldnt start a long term position now in mns, but worth a swing trade given trend line and previous resistance
Dragonfly70
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@TAjames, thanks for your note, fully agree. I like MNS, I think they have good story to tell, but so much volatility made me to never go long on it. Great short term trading though. Cheers