MNS 0.00% 4.2¢ magnis energy technologies ltd

Definite wedge breakout now. The only thing left to complete the...

  1. 1,595 Posts.
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    Definite wedge breakout now. The only thing left to complete the move is capitulation. I’m wondering if the massive volume spike today is a sign of what’s to come next week. One would expect the next candle to take us down to between 25-28 cents.

    The broader market is quite good at present so that may cushion the move a little. From a charting perspective though, speaking purely on the technicals, this is pretty grim.

    I know that’s not what people want to hear, but the techs have been pretty spot on over the last 2 years or so.
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    Last edited by anf0: 22/09/18
 
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