MNS 0.00% 4.2¢ magnis energy technologies ltd

MNS Chart, page-1077

  1. 1,595 Posts.
    lightbulb Created with Sketch. 100
    Just technically speaking, downtrends are not broken until you get consecutive higher highs. Same way uptrends aren’t broken without lower lows.

    There were a few different trend lines during this 2 year down trend. Some were broken but price continued downward. Simply put, as price falls, you get variations in velocity. The fall from $1 to $0.70 will be more ferocious than the fall from $0.50 to $0.30 for example. So what you get is price action broadening out as the market cap shrinks, causing a shift from a price “dump” to more of a “drip” as there’s less “meat on the bone” so to speak. This is why some trend lines become redundant over time even though the trend never actually changes.
 
watchlist Created with Sketch. Add MNS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.