Ivanovich
It's a long bow to try and find a TA sell signal on MTU, but you did it with your dumpling top, although it only took a day to be invalidated.
The price action is easily explained by the trimming of a substantial holder who is up over 400% on their position and is most probably performing logical re-balancing. HHL may have found an even better investment or still be suffering from AUM withdrawls and may sell off more, but as today showed there are buyers waiting. I was hoping for a continued sell-off today to allow me to pick up more, but other investors are keener than I to buy.
Due to its high multiples MTU is at danger from a market wide sell-off, but technically and fundamentally the current price is well supported.
Long MTU
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IvanovichIt's a long bow to try and find a TA sell signal on...
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