MYX mayne pharma group limited

Not sure to be honest. But, MYX never really had high volume...

  1. 66 Posts.
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    Not sure to be honest. But, MYX never really had high volume trade so it is hard to make a call. Would love to hear other people's opinion as well.

    I do think since Mar 2020 MYX trading vol has increased. So there is interest in the stock. COVID19 times the market reacts in very strange ways and I would rather be involved in a company like MYX. healthcare systems can not afford to experience a shortage of medicine. I hope MYX management are strategically positioning them selves for COVID19 and postCOVID19 times.

    SP came from 20s to high 40s and selling volume did not seem to get exhausted. Clear uptrend is there but even these days selling volume seems not to get exhausted. For me this is a sign of a low probability of a successful golden cross. However, with the recent lack of shorting interest, +ve MACD (on Daily, Weekly & Monthly charts) and healthy RSI, this time around the golden cross is very likely. Another key thing will be upcoming announcements. E4 submission was a sign of things to come. Good announcements of new products and approvals and collaborations have been slow. Few good announcements and game on. Lets see. Only time will tell.
 
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(20min delay)
Last
$5.08
Change
0.010(0.20%)
Mkt cap ! $412.7M
Open High Low Value Volume
$5.13 $5.15 $5.08 $445.2K 87.01K

Buyers (Bids)

No. Vol. Price($)
1 810 $5.08
 

Sellers (Offers)

Price($) Vol. No.
$5.15 2033 2
View Market Depth
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
MYX (ASX) Chart
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