Looking at RSI Failure Swings again, may I suggest that the following MNS chart, does show a RSI Failure Swing Top. I took the liberty to mark the sell points, the last one today coinciding with the break of a rectangle pattern to the downside. If I were in the shorting game, which I'm not, this would probably a good selling point, however the low volume shows there isn't really the enthusiasm behind it. So the question now is how far this down leg will reach. I wouldn't be at all surprised to see a test of 30 to 29c near term. In other words the centre line of the larger falling channel.
As can be seen the RSI only just crossed the 50 level so theoretically there is still quite a lot of room available for further downside. That's if one is holding a bearish view of MNS. I'm not sure if anyone is interested discussing any downside targets or would like to presenting a bullish case instead?
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Looking at RSI Failure Swings again, may I suggest that the...
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