MNS 0.00% 4.2¢ magnis energy technologies ltd

MNS Chart, page-1257

  1. 298 Posts.
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    h00ts, I was just wondering what was the reason you started the trend line where you started it? The reason why I'm asking is, because the high on 9.March 2018 was the high of quite a significant correction, after hitting the 36c low. Starting the trend line from that high, would give quite a different over all picture. The recent high would still be well below that trend line and the rejection by the 200SMA could give reason for another leg down as indicated.https://hotcopper.com.au/data/attachments/1411/1411859-8ac6055a82e6becf02189815bb26a5ab.jpg
    BTW the last move up in a say 2 hour chart looks to me like a bump & run set-up ...

    https://hotcopper.com.au/data/attachments/1411/1411868-faed4ca99905bd646d9350524115e549.jpg

 
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