Hold Fast,
I travel a fair bit and had the good fortune of going all over Tassie, which I found a wonderful place
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. Cradle Mountain is spectacular for sure.
There's wonderful scenery on both sides of the coast even though the West side is perhaps the best know.
We also flew on a twin Cessna to the Franklin-Gordon national park and landed somewhere in the water and I felt like Adam. Unfortunately Eva, the missus, was there also and made me get back on that little plane
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On the East side, somewhere around Scottsdale there are wonderful farms and I tasted the nicest Jack Cheddar apart from the one from the US. My favorite cheese though is the Spanish Manchego. Pity that I don't drink these days, following a serious wine poisoning at the ripe old age of 16
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. Sadly I cannot drink the Bacchus Gold even though I love the red that we made from our own grapes (back in the village).
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On a more down to Earth note, I'm attaching some charts of MYX - Mayne Pharma.
MYX - has been the subject of some pretty severe pull--backs, courtesy of 'controversial', or at least inaccurate, bad press.
Look deeper into these and you'll find there is little reason for alarm.
As you can see on the Weekly chart - there are 3 Significant events; all are quite noticeable as is the Big Volume for each one of them.
On the Daily chart - please not the 'ease of movement' following these pull-backs, indicating support for the stock;
Finally on the Monthly chart - there is a very Strong Line of Support around the $1- mark.
This last Significant event, and the way the Price closed, very close to the bottom of the range, leads me to believe that the price will travel a bit further.
I suspect that the price will test that Support zone very shortly, prior to consolidation and, hopefully, moving up.
The fundamentals are quite good and I have purchased the stock just recently. It is in a good sector too.
I mentioned this stock as I suspect it may be a good candidate to follow from a Wyckoff perspective, similar to the ones that Beany puts up.
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Jako and the rest of the group, any thoughts will be warmly appreciated.
Cheers,
soccer
