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MAGNIS ENERGY TECHNOLOGIES LTDMAGNIS ENERGY TECHNOLOGIES LTDMAGNIS ENERGY TECHNOLOGIES LTD

MAGNIS ENERGY TECHNOLOGIES LTD

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MNS trade ideas

Move from MNS could keep going given sector strengthIm not one to buy something so extended on the daily. But something tells me MNS has alot more gas in it over the next few months if Biden keeps pumping the EV sector. Looking at the monthly chart, alot of volume churning through, and a break through 50c could see the start of a long term uptrend. 2 to 3 year target of $1.50 - $2. Could come sooner though if MNS deliver the almost billion dollars in binding sales they have. Worth a follow or small parcel buy if you have the same thoughts on the 'green' sector.
ASX:MNSLong
by TAjames
1
MNS has had a strong week, but its not ready to move higher.I believe there is to much overhang in the red candles from last week. But strength this week has shown holders that the company is still sought after. I feel one more recoil to test 36c followed by a couple weeks under 40c will allow a strong move for MNS next time that wont be sold into. Still see MNS as a $1 company in the future, but for now there is still a lot of selling pressure around that would keep the share price under 40c. I could be wrong, but id rather be right so that MNS next move is a strong one.
ASX:MNSLong
by TAjames
MNS through 35c resistance, should now be support.Alot of talk on twitter now about this stock. (Usually a warning sign for me) but theres nothing else technically alarming me so ill stick with it. Highest close on daily since august 2018.. so thats a strong sign. Looking for a follow through tomorrow, but resistance at the 38c -40c range is just as large as the 35c mark. Big buying will need to come in and make that happen. Any close above 42c and will quickly move to 50c and upwards from there. Entry here with a stop at 34c if you arent in it. Might be a pull back tomorrow to 36c again based off price action today. (Not as much volume as yesterday)
ASX:MNSLong
by TAjames
6