MYX 0.43% $4.59 mayne pharma group limited

Ann: 2019 Half Year Investor Presentation, page-75

  1. 13,333 Posts.
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    Good whoever exited prior to the damage.
    However, over reaction by market today as overall market in sell down mood.

    Two sides of the report : 1st(-ve) Declining revenue from generic durgs, but this was known to market for ages.
    2nd (+ve) Increasing rev and substaintial future frowth in speciality product/services.

    TA : 1st Weekly Chart : Holds around this price at strong MT-LT support but then slowly move higher towards 80c. I believe again it will close over 58.5c and bring mid-high 60c in two weeks as overall market settles.

    2nd 5 mins chart: Panic sell down after open, tested low of 56c, got accumulated at 56.5-57c, Now absorbing supply slowly but buyers could return soon to break through 58.5c and that would then set 56c as strong ST support.

    Disc : after staying away from MYX past few weeks, i bought back at 57c.

    Weekly Chart:
    https://hotcopper.com.au/data/attachments/1547/1547771-a9a4375d42903eb0198eb46343a5b39d.jpg

    Intra Day 5 mins:
    https://hotcopper.com.au/data/attachments/1547/1547772-69c8d263eb770c2be139600c8f014e8b.jpg







 
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$4.59 108 1
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