Dod a quick exploration of different time frames from the 5 minute, up to the daily, and current resistance around the .34 mark, which is to be understood after the % surge and the availability of buyers.
Will let the market tell us if it is just a rest in order for punters to to accumulate and 'check the surroundings' then bounce off .335 , or of it wants that slight pullback, before another strong impulse either way. A few wicks does indicate SOME seller participation, ehich is understandable as traders pocket a few dollars profit.
With this company, and considering it's previous disappointments in price action, I'm happy to just wait and see if we can actually form a strong .335 support, and then add accordingly.
.34 to your .365 res, represents a more promising 're-rate' by the register and the likely churn into a set of newer, more longer term holders.
MLX Price at posting:
33.8¢ Sentiment: Buy Disclosure: Held
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