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ositrades
Apr 27, 2023 4:45 AM

MNS reached bottom? Long

MAGNIS ENERGY TECHNOLOGIES LTDASX

Description

Looks like we have bottomed on MNS.ASX. We have gone more than 50% drop, so we should be expecting a major reversal. I see a butterfly pattern playing out too. We are also a major support area from end of 2020. First target 0.235, second target 0.28 and final target 0.345.

Trade at own risk and DYOR.

Comment

If we can't hold support at $0.185, this idea dies. So importan that we bounce off from that area today.

Order cancelled

Comments
zAngus
Stocks often find new ways to disappoint :)
ositrades
@zAngus, damn right!
Permaculture
@ositrades,@zAngus Here's that CT bounce l spoke about, price spiked into daily supply 19c. todays high clearing supply? potential higher highs ahead next week with if momo building, lets see..
Permaculture
@Permaculture, their she blows!!
shorting this when l seee pA
ositrades
Watching for break of 0.195 area. That 0.19 to 0.195 range is critical to confirm change of trend.
Permaculture
@ositrades, monthly weekly direction downards now daily seems exhausted seems sellers still within going short with overall momentum.
Permaculture
@Permaculture, exited short today. thinking of switching direction..
Permaculture
@ositrades, agreed thats one part of it.
Permaculture
@ositrades, interesting .125 region, maybe CT buyers down here watching how price structure builds and behaves..
Permaculture
We're looking around good levels!, l'm interested to see how .155 level behaves for some upside potential with price action of course . Fundies orderflow can be seen now.. they can't hide for too long ;)
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