MNS 0.00% 4.2¢ magnis energy technologies ltd

Well i suggested this was a dead cat bounce, little did i know...

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    Well i suggested this was a dead cat bounce, little did i know how quick it would be confirmed, no doji, just a bearish marubozu candle, eclipsing the bullish marubozu 3 days ago, very bearish.
    Combine that with slow stoch nose pointing down vertically and the RSI too, we have a situation now where 28c could be challenged again, if it penetrates that then the next line of support is 23c back in 2015.
    Break that , then you are looking at 12c and below. Thats a potential 60% down play from where the sp is now.
    Not trying to down ramp, the chart speaks for itself, folks need to have a hard look at where your investment is going, is the FA still intact?
    The chart suggests not.

    GLTAH AIMHO
 
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