If the pennant pattern is to prevail, we should soon see a support at 0.067 area, and then a pretty much bull run for some time. This company has been painfully slow from investment return perspective, but it has all the right things going at the moment. The Tesla deal hits in from Feb 2025, and I think on a long term perspective, the chart aligns nicely with that...
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.
Looking at a rejection at 0.435 and watching out for a bounce off the trend line, which will confirm the break out.
Trade at your own risk. All the best!
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.
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 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.
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.
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.
