MNSO - Reversal patter to new high in coming week?

This is a slow grinder kind of a play but one that may bare fruit in the near future if you are looking for a good 10%+ move. The stock in the past few weeks slowly creeped its way up to the 9.63 mark before pulling back to the 7.02 mark. From there we saw a move up of over 10% to 7.95 just to be rejected from the psyche resistance of $8. Since then it has pulled as low as the low 6's which as of closing day Friday July 15th it is back over $7 again. If this one can break above $8 in the next few weeks I will be looking to enter in for a 10% move as I believe a break of $8 can lead to much more. (Not financial Advice)

P.S Some other note worthy things to keep in mind is that between the CEO of the company and 1 board member of the company, they hold about 68% of the company shares. As a long term play this maybe a bullish sentiment in itself to have internal leadership to carry such a weighting. They will be incentivized to help increase their stock price with better business decisions.

Komentarz:

Held the $7 zone well today, Would like to see more movement in the days ahead for the upside