MYX 0.28% $7.24 mayne pharma group limited

I think the recent spike was started from people following the...

  1. 6,633 Posts.
    lightbulb Created with Sketch. 615
    I think the recent spike was started from people following the director buying, a lot of shorts also close out their position on the upward spike.

    None of those effect the longer term reasons for downward pressure, namely concerns over price deflation and trumpcare so the SP is going back to its longer term direction.

    I think the strength of the spike is a good sign that the market realises its undervalued, and people dont want to get left out if it does change direction, but they are still waiting for something to alleviate longer term concerns.
 
watchlist Created with Sketch. Add MYX (ASX) to my watchlist
(20min delay)
Last
$7.24
Change
0.020(0.28%)
Mkt cap ! $615.9M
Open High Low Value Volume
$7.30 $7.32 $7.10 $1.066M 147.5K

Buyers (Bids)

No. Vol. Price($)
1 169 $7.17
 

Sellers (Offers)

Price($) Vol. No.
$7.24 3916 2
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$7.23
  Change
0.020 ( 0.47 %)
Open High Low Volume
$7.23 $7.33 $7.11 37253
Last updated 15.59pm 28/03/2024 ?
MYX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.