Seeing that it is STILL a bit of ghost town on the MLX threads, I thought I'd throw this up for discussion.
Are we heading towards a long term cup and handle formation? The price has drifted since striking the end of the cup, even WITH some market greenery.
If we see some market weakness and the price action drifts little further south, can we hope for a long term, cyclic trend reversal?
Note, I am not a chartist's Rsole, but the formation did look familiar and APPEARS to fit the brief..
Happy to be corrected , complete with the information as to why, as learning something new is always a welcome addition to my day.
I am also doing a ' back of the serviette' valuation per share tonight, so will post if I can upload. All input data will be VERY conservative, in order to get the lowest, and most relevant value per share as possible...
MLX Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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