Big break for MNS, but needs to clear 35c for a larger push.With biden's initiative to make EV's a big thing, MNS and its recent appointments to the biden administration, has got itself in the driving seat to take advantage of any major company rebates in the EV sector.
Very bullish on MNS this year with a target of at least $1. Id like to see a break of 35c overhead resistance before loading another parcel into the stock.
Stop loss here still at 28c.
MNS trade ideas
Magnis - watch key level 34c for breakout.MNS had good volume over the last few days, especially close of the week on Thursday. 34c was hit, but some selling brought the price back to 33c. Good end of day buying puts this one on watch. Breach of 34c with volume could indicate this one is ready to take off, after months of consolidation in the low 30c. Cashed up from CR and ready to go.
2 month consolidation flag for MNSGreat news today with no sell off or buy power.. still decreasing volume, want to see a big jump up above 35c this week ideally, but have been holding it long enough to wait more.
Entry here with 28c stop loss, minimal risk high reward play given the fundamentals of this company.
Alot of selling pressure for Magnis with news.Big selling volume on open today with news from Magnis. Could just be flippers selling the news, but the coming days will tell the story.. nothing to worry about at the moment, but i feel there might be a shake out to 25c coming before breaking downtrend with volume. On watch at the moment and ill wait for better price action before entering again.
Lithium stock eager to move.Big news dropping last week, as cannbe seen with the strong green candle, how i see magnis playing out is a bounce off the trendline for 1 more shakeout before breaking trend and pushing higher.
With the caliber of FA and director talent, this stock is in the right time for big growth. Could definetly be a $1 stock by the end of april.
Entry now with a stop loss at 25c.
$MNS - Last callsMNS showed really strong support @ $0.28 today, strong volume, i am hoping to top up again monday before we push towards $0.50 short term target. I think we will see sellers clear out as we break out of this triangle. I am very excited about the fundamentals of this company, so much potential in such a massive future industry. GLTAH. please do your own research this is just an opinon and not financial advice.
View on MNS (6/12)0.2 is the previous balance area where price do not move much.
Now that it has break below the consolidation area, i am seeing more downside to go.
Possible target area price could reach - 0.130
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MNS 40% CUP & HANDLE(ASX:MNS) Magnis aims to become a leading global producer of next-generation green credentialed Lithium-Ion Battery (LIB) cells, enabling the future energy requirements of the world, the global storage of renewable energy and electrification of transportation.
Recently Breaking out of the Pitchfork to once again test Downtrend Trendline & Resistance for 40-44%
- Cup and Handle Pattern Anticipation
- Pitchfork Broken & Retested
- MACD Bullish and Spread
- Market Structure in the short term Bullish
- Bounce off the .618 Fib Retracement
- Risk Reward a comfortable 2.6:1
- TPs at Previous Structure
A clean break of this resistance should see us Take Profit before the Trendline Test.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!