A typical phenomenon happening.
See in weekly chart long term down trend line was broken when price went to 53 area.
Then it i mean price came down .
But price continues to hold above the broken down trend line.
Reverse happens in trend reversals when up trend is broken.
So let us see how it pans out.
I see this phenomenon frequently in futures.
It is a typical text book phenomenon.
Looking for break out form 56 and close above that for 2 consecutive days for confirmation now.
MYX Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
