Trying to play against shorts and their algos mate is destined for failure.
Once they smell new money they will try and force price further down to take out stop losses.
You need a sustained amount of buying and over a period of time to burn the shorts or they will ultimately win. A little spike in price won't scare these guys. Shorting to me is legalised fraud for instos to make money from nothing. Fancy, can you go and borrow your next door neighbours car sell it and then expect to buy what you never owned to give back at a later date expecting a lower price. It would not be legal, but because people are dealing with paper and our markets and its products are designed for greed you can sell borrowed stock. Shameful and retail will never stand up against this practice which only benefits the big boys.
MYX Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
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