ASX stock Analysis MLX

ASX stock Analysis MLX

Time Frame : Daily Chart

Watching for Buy Entry Setup

MLX has kicked on up through highs around 25 cents on good volume but has since rejected the highs and is back below the level. Like the rejection of 20 cents, price could easily reverse direction and head lower. We need to see more good volume flow in and price to build a higher low above 22 cents for evidence that buyers are going to support a move to higher levels. We are bias up as the flush and rejection on good volume is significant…bulls just have some work to do.

Stock : ASX stock MLX

Current Price : 0.25

Status : On watch for a move above 0.30