Other tech analyst in on this stock - ASX:CAN? Can someone please enlighten me on why it keeps failing at the $3.10+ level? Doesn't seem to make sense. looked like it was about to pop but then it just fails at that level.
Fundamentally nothing has changed in fact threes been some good news from the company today i.e. it's been progressing well. Future discounted...
Don't fret with today''s (24/004/2018) share price drop. We still have a long ways to go before this wedge resolves for the up side. Technically it should resolve before 3/4 of the way. So to give that a timeline it would be early November onward before we see a good pop. Hold tight and keep buying those dips...
Technically MYX has a few technicalities going for it.
1. The 50 is about to cross the 200 day moving average to the upside.
2. The head and shoulders pattern has now resolved.
3. Double bottom. First bottom mid-Nov and the second mid-Feb.
Technically MYX is due for a break out soon...
Yearly production estimate and against recent base metal prices (USD) 12/04/2018.
Zinc 70,000 dry Mt @ $3,238 per dry Mt = $226,6606,000
Copper 30,000 dry Mt @ $6,887 per dry Mt = $206,610,000
Lead 25,000 dry Mt @ $2,500 per dry Mt = $60,000,000
HRR is looking at an EDITDA of $493,270,000 once in production!
Note: does not include precious metals by-product...
