Could be wrong Charts but in the short term I see a potential mini vshape recovery from the recent bottom of .335 cents to .475 cents. Could see an almost mirror image potential set up from the recent high to the low and beginning of the recovery which may get a kick along from today’s announcement. Looks set to pop but been wrong before so not holding my breath. In regards to future revenue, well no one really has a clue. Can’t bank revenue from a non approved drug. Clearly 12 months away according to MYX’s announcement today. Most of the announcement is recycled info from previous announcements but a step in the right direction. If that 40 cent line gets taken out in one or two hits then it may spark some short interest covering perhaps and get the share price heading further in the right direction. Prompted me to take another 100 000 at .395 this morning on the premise that it is likely in at least the short term the SP will continue to head north but we’ll see. Been wrong before.....
MYX Price at posting:
39.8¢ Sentiment: None Disclosure: Held
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