MYX 0.43% $4.68 mayne pharma group limited

Ann: Mayne Pharma to host Investor Day on May 1st, 2017, page-3

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  1. 1,380 Posts.
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    yep agree.

    the fact that myx has organised this event is testimony to the fact that they think the sophisticated investors/ insto's are being held back by fear and do not understand the myx outlook accurately.

    they are obviouslyconfident that they can create some positive sp momentum by this event.

    i also note that myx has made a higher low recently on its 3rd and final dip to test the lows, which is a bullish indicator. the 3rd dip is usually the last in the absence of negative news.

    nice solid consistent rise on good volume the past 5 days as per the chart below.

    also the rise off the lows has been very sharp on each occasion. here is a look at the chart from the last 3mo showing the sharp bounce off the lows and the higher low.

    i think we will next see a higher high than lreviously above 1.50 when the investor day occurs or the next quarterly results are released due to bullish momentum combined with a short squeeze.
 
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