MYX 3.19% $4.85 mayne pharma group limited

Is MYX a bargain, page-485

  1. 66 Posts.
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    Short to medium term looking at the 3 moving averages, they are converging. Upcoming week of trading should be very interesting. Will it find support around 0.53 or keep going going down or sideways. Each day it seems like 40 to 60% of sales are short sales. I think that is tremendous downward pressure. Looks like someone really wants the SP going down. But around 0.50 longs are keen to enter, This i think SP around 50c for MYX is, a good company at a bargain price. In addition, shorts will try and cover if there is another higher low. my guess is SP will bounce up from the 50MA support. Could not resist going in around 0.55 for a small parcel. Once the 50MA crosses the 200MA, then I will be happy this is truly on a uptrend and will keep collecting more small parcels. My guess is this cross might happen late Nov IMHO. GLTAH long.

    https://hotcopper.com.au/data/attachments/1790/1790659-b834e30c8df12b100a7fdaa1fe54e7c9.jpg
 
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