I’m failing to see the optimism here. Myx has dropped 10% since the “positive” announcements. 200, 50 and 20 day MA all turning downwards. MACD is below 0 and has crossed the line. Shorts are on the rise and there are 4 shares on offer for sale for every 1 share to buy. The company has big debts in comparison to its MC. I can see this heading to 20 cents in the near term as markets continue the capitulation in response to interest rises commencing in earnest in 2.5 weeks time….
MYX Price at posting:
23.8¢ Sentiment: None Disclosure: Not Held
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