Just a classic example of retail buying high and selling low here and market confirmation demonstrating this. Look out for more notices to come in due course. Unfortunately retail are generally brought to the slaughter and then price goes up. I advised wait for a capitulation event and then price will go up. Capitulation occurred the other day so I'm expecting a recovery now on in. All the recent downgrades from brokers is just the big boys wanting to pick up cheap shares from retail selling. interesting that all these brokers were increasing valuations not long ago when offloading shares to retail. Great way for these guys to build risk free positions as they buy back from the lemmings. Criminal in my opinion but we all have control I guess they don't place a sell order for us. Although those that use tight stops can have a sell order triggered so maybe they do have the ability to sell our shares??
MYX Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held
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