$MYX – Rejected at a high level, momentum weakened.
Short $MYX
Entry: 5.55 – 5.70
Stop Loss: 6.20 $MYX –
Target 1: 5.00
Target 2: 4.50
Target 3: 3.90
The upward push quickly stalled, selling pressure became evident on the first test, and buyer strength declined, indicating that this movement is a correction rather than a trend reversal. Momentum fell again, and buyers failed to gain acceptance above this area, maintaining significant downward momentum; shorting at this moment is very cost-effective.
Short $MYX
Entry: 5.55 – 5.70
Stop Loss: 6.20 $MYX –
Target 1: 5.00
Target 2: 4.50
Target 3: 3.90
The upward push quickly stalled, selling pressure became evident on the first test, and buyer strength declined, indicating that this movement is a correction rather than a trend reversal. Momentum fell again, and buyers failed to gain acceptance above this area, maintaining significant downward momentum; shorting at this moment is very cost-effective.
