MUX was a fun ride higher off the positive divergence bottom a month ago. That move printed a gap (blue circle) and then a bull flag pattern took price up to the 2 level. That was sell time due to the rising wedge, overbot conditions and neggie d (red lines). A more subtle pullback was expected but instead price collapsed lower.
MUX may want to test the prior low from this week (green circle). A drop to the gap at 1.63-1.66 cannot be ruled out. Everything is likely a buy between 1.625 and 1.680. Even now is worth a buy. Keystone will reenter MUX on the long side. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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