MN trade ideas
Manganese will play important EV role .MN has great potential in coming decade of EV technology and specially Ev car batteries.
Company is in accumulation period and with strong support of USA industry will progress in wild pace IMO.
If you look at the pattern then cup and handle seems to be in making again for this stock. There might be one more dip towards $0.40 zone and after that consolidation we might see a quick return to $1 and if there is enough momentum to even break it and start a new bullish channel for LONG investments.
The stock had been definitely noticed by investors at the end of the last year so lets see how next month will play out for this great potential company.
No trading advice, just pure idea how I see this going in coming weeks. Share your opinions, fairly new in this field will appreciate any feedback.
Stay safe and enjoy the ride.
Cheers,
Outstanding potential.Fundies :
There is a global semiconductor shortage.
Manganese is used to dope semiconductors.
Joe Biden wants domestic chip production in the USA.
Technical :
cup and handle formation
the small cup play turns into a macro cup n handle.
Target: $23, $46
MN BreakoutBULLISH TSXV:MN
On the left side, we have a 1 Month view and 1 hour chart.
On the right side, we have a 1 Month view and a 30 minute chart (zoom in)
I see a couple things here indicating a bullish breakout about to happen:
✅ A nicely formed Cup and Handle
✅Red flags: Indicating a Bullish RSI divergence. We have lower lows on the chart and higher lows with RSI
✅ A red candle closing the previous day that doesn't appear that bears are strong here
+ Waiting for the candles to break the trendline as confirmation before taking a position
Find good entries, know your exits, secure your profits
- Pocketfeeder
Next gen EV batteries will be 1/3 Manganese (E. Musk)MN.v is the *only* high grade Manganese project in North America that has a path to commercialization. Elon Musk recently said that the next gen EV batteries will be 1/3 Manganese. With many EV related stocks hitting fresh highs, the market is yet to notice this junior miner with a very unique project in Canada that has no competition in North America. Drilling since the beginning of October with first assays due very soon.
Aside from its Manganese property, the company has has development and patented viral and microbial mitigation technology that is seeing interest in the US.
Technically, the stock has filled the gap at .28 and presents an attractive entry for scaling in at current levels.
