MNS Chart, page-1148

When investing / trading 101 in a stock, one must first look at the 3yr & 5yr chart for the prevailing trend, as i look at the MNS chart, all we see here is lower lows and lower highs, to confirm , simply draw a trend line connecting the lower lows and then draw a trend line connecting the lower highs, you will then have created a channel in which to work out your break out point. Nothing to see here.
At this stage , no breakout has been achieved, for that to happen you need the SP to be at least 38c and above, 40c to be sure. Max action is spot on with that analysis!!
I now look at the indicators, slow stochs exceeded 80, which means at this stage its over bought, this is confirmed by the fact that the SP has exceeded the top of the bollinger band, once that happens the sp always gravitates towards the middle of the band or lower.
The good news is the MACD is on the up, given there has been no news to support this rise, questions have to be asked as to who is buying and why ?
Dead cat bounce?
Very possible, as the SP of MNS has tried to break several times but no cigar, hence the lower lows/highs etc
The only way this stock is going to move, is if there is a bit of compelling news on the horizon, initiating a bit of high volume activity. Is there any? I wouldnt have a clue.

In closing, i would just like to convey that Max action is an excellent chartist, his strike rate is second to none, had he be your resident chartist, folks would have saved them selves a whole heap of money.!

GLTAH AIMHO