On Chix it was above 70.
Price action is not the best after hitting 80 .
But this is expected till we get a news/trigger/or August .annual numbers.
So i am not concerned as a long term investor.
The prime question is do the bears have the strength to
break 59 on weekly closing basis.
I don't think so unless scenario changes as if MYX is closing down.
Do you think that is possible with a company that may show
100 million dollar cash flow on net basis come August.
If it confirms that come August 18, shorts will have no choice but to close, unless they know some thing that you and me dont know
or management is hiding some thing
and misguided the investors.
Do you think that is likely?
On Chix it was above 70. Price action is not the best after...
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