MNS is ready to break a downward resistance after rebounding from the 200MA. The 200MA rebound has been crucial for the stock in the past. The lithium sector is also a hot sector at the moment, however the run is likely to finish soon.
MNS is pulling back and my area of interest is near the 200 SMA, where also lies the POC of Volume Profile. This level is near $0.300, where I will monitor price action for a buying opportunity after confirmation. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
had it right in terms of gradient and exit... but now I know why.
Big old bullflag in a channel! BO from a wedge heading north any day now/
MNS is in an uptrend and has clearly bounced off its 200 SMA. Currently its consolidating and is taking support from the 50 SMA. I am bullish MNS with a stop below the current swing low and a target of $ 0.345 ( a potential 20$ gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Price moved out out short term downtrend Price beginning to tighten up, ascending triangle Volume kinda picking up Look for an entry on break of 7.1c
The brilliant thing about good news in stock trading is that it opens up opportunities for both bulls and bears. Bulls want to jump in on the hype (along with the herd) hoping that some other bulls jump in right after they do so that they make money. They expect to buy and hold because the company is seen to be in good shape. Bears, on the other hand, look for...