I see MUX moved right up to the low end of the gap I mentioned recently, near the $15.54, reaching $15.50.
MUX failed to move into that down gap from 6/17/2021 at $15.54. I'm guessing long-investors have taken control of MUX for the time being.
Profit taking will always play out and it could be that people who bought MUX around the $1.50 range from back then, ...bailed out.
The $13.88 and $13.17 pivots gave way after 13 trading days, nice move.
I was surprised to see MUX take off the way it did yesterday (Tuesday-9-23-25), when it moved towards the $15.54, making a daily high of $15.50, nice try, but unsustainable, selling off near the end of the day, dropping back below the upper black line.
I would favor building a sold floor for at least a few days, and up to a few weeks in this new area, the ($14.50/80) I mentioned recently, a move down to the $14.16 is not out of the question.
I moved the black lines up to the new pivot points the $14.16 at the low end, ...and $15.14 to the top.
I hope MUX can build a solid floor again and move higher, a few days above or below the new lines will tell us more, MUX still has a gap ($13.63/65 area.)
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