Look, I'm not a very good chartist, that's why I stick to fundamentals, but this is what I see.
We tested 99.5 cents resistance, and bounced straight through it, breaking our (very local) 93 cent support line. We've tried to build a support level around 92 cents, but "real" support level seems to be around 88 cents.
As a fundamentals guy, I think it's a hold until results, if I were a chartist, I'd be double-checking my trade-plan. I hate predictions: but I see a future where we test this 88 cent line. The counter-argument is that we're making "higher lows", but we will have to see how that pans out today.
Serious chartists - what do you think of this Fundamentals guy's analysis?
MYX Price at posting:
90.0¢ Sentiment: Hold Disclosure: Held
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