No, it's more that just traders & increased shorting. There is sector rotation underway (to resources currently) - having waiting for the report bump (that didn't happen late last week) & voted with their "sell button". Investors with a mid-term time horizon will then support the share price at the Channel line? - no wait, yesterday they didn't and today they dropped their bundle. Stock will bottom and then recover when S&P retraces next.
MYX Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
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