MYX broke its 52 week low relatively easily. All it takes is a few trading days there then buyers thin out because they see the support falling.
The $1 mark was stacked with buyers. Strong support in the millions sitting at $1. However, the next day there was only about a million behind the $1 mark, then the next day that million was disbursed within $1-0.95. Then it trickled past the 52 week low, followed by stop loss volume.
It may seem like there is a lot of support at 90-94 cents, but those bids get spread and leave with the potential to get in at a better price. Panic does not need to occur.
