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.
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.
$MNS Magnis waking up.. deadwood cleared and interest picking up now. Volume + 4 week breakout at 37c EOD a few buys after hours $mns.ax
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/
The more taps at a level the better the resolution to the upside. Definitely been a pumper favourite this stock. But if it gets above 43 it may rely less on the finfluencers and be the real deal. Time will tell.
Stop at the moving average on the hourly. Or at 39c. Looks like there is big support at 40c. Still have some lingering shares that were bought at 25c.. and put on market 2 days ago. But as long as it stays above 40c, MNS could be in for another move up next week. A close on tomorrow above 43c also looks good on the weekly. Lets see how it plays out.
Im not one to buy something so extended on the daily. But something tells me MNS has alot more gas in it over the next few months if Biden keeps pumping the EV sector. Looking at the monthly chart, alot of volume churning through, and a break through 50c could see the start of a long term uptrend. 2 to 3 year target of $1.50 - $2. Could come sooner though if MNS...
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.
$MNS battery stock with nice volume coming in. Promises a lot but still a penny stock. Let’s see if market gives it interest.
Break of overhead trendline of a falling wedge. Cross above 10 MA with inverted hammer for a possible reversal signal. Taken a scaled in entry at 30c with a stop of just over 10%
Chart speaks enough, too many retail holders in this one, but if it bounces here and gets back into the consolidation range, will be a good trade in a couple months time. Has to much of a CRO feel aboht it though.. so ill stay out.
I believe there is to much overhang in the red candles from last week. But strength this week has shown holders that the company is still sought after. I feel one more recoil to test 36c followed by a couple weeks under 40c will allow a strong move for MNS next time that wont be sold into. Still see MNS as a $1 company in the future, but for now there is still a...
Alot of trapped volume will make it hard for a swing trade on mns. Will need to rinse out some holders over the next week or 2 in the support/resistance channel. I believe it will be a good trade again. But not at the moment. Buys at 32c with stop at 1 pip below 43EMA if it gets hit.
Terrible first hour that was followed by a constant sell off. With that said, a lot of selling volume between 45-50c that will now need just as much volume to break. I expect to see a couple weeks sideways action before pushing back up. Stop at 36c, with re entry chances at 31 or 32c.
Will need some right side now without knowing the full extent of announcement.. still think share price wont go below 36c, but there will be better buying in the coming days for people who havent entered.
Alot of talk on twitter now about this stock. (Usually a warning sign for me) but theres nothing else technically alarming me so ill stick with it. Highest close on daily since august 2018.. so thats a strong sign. Looking for a follow through tomorrow, but resistance at the 38c -40c range is just as large as the 35c mark. Big buying will need to come in and make...