I always maintained strategy for this holding any semblance that will close below 61.8 fibbo will close position as that $35 gap is kind of unwelcomed addition to breaking below confluence support zones.
I hope it rallies hard for holders but I have a strategy pending on where market sits & at the moment see a pull back in risk assets after reporting season and don't see MFG trading above $55 any time soon.
Sucks taking a loss like this but sometimes if you're full time these decisions need to be made.
MFG Price at posting:
$46.22 Sentiment: None Disclosure: Not Held
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