MXC - The largest volume of its kind and was pushed down through out the day with day average over 6c. IMO, strong reversal will be on the card by today or tomorrow.
Daily and Weekly still pointing to Northern trend and shall continue once the supply is dry out by today or in next couple of days. FDA approval, distributors and continuous good progress shall add further value once CR & SPP shares are out.
Once 6c is broken and held until close, this should then start new Price channel through to 8c followed by 10c.
All IMO and so please DYOR.
Day Trading May 26 - Morning, page-12
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