Hubert Senters here.
Had a question from a viewer wanted me take a look at MYL. This is a weekly chart. It looks like it’s in trouble. Probably going to go substantially lower and re-visit its most recent low on the weekly chart which is going to go back to about $16.15. That’s not substantially lower.
But usually when things drop below $15 they’ll then drop to $10 and then when they go below $7 they go to $5 so just be on the lookout for that. Let me take a look at the daily chart see if it looks any better or worse. Yeah, pretty much the same situation.
It’s probably going to break down to $16.50 and then drop down below $15 and then I would say $7 and then below $5 so be careful with it. Looks like it’s got more downside price action in its future.
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Good luck. Hope it helps. See you on the next video.