Your welcome Doug, nice to speak with you.
No, we didn't get a favorable close, but the gap did fill, and the lower pivot was tested successfully while closing .07¢ below the line, but nothing is absolute when it comes to technical analysis, we measure the strength of a stocks recovery, gains or losses by how low, or high or deep, or shallow or apart they are, we wait for confirmation.
Market manipulation runs rampant by those with deep pockets and especially by hedge funds, they jump in and out quickly for quick profit, its been going on forever, ...so the share price is nearly back in line within Wednesday's lower pivot-point, the $21.35.
Hint: Wasn't Wednesday the day Canaccord Genuity Corp initiated coverage with a buy rating of $25.00? So like I said, manipulation is no stranger and we are now back to Wednesday's range, a lot of money was recently made on this pop, and not by you and I.
Here is a 15 minute chart, the vertical black dotted line is on top of the last 15-minutes of trading, and the high was $21.36 before they took it down it closed to $21.28, on (274k). We can see the 20-minute EMA dropping below the 50 and the 100 lines mid to late afternoon as the selling picked up, while the buyers stepped in around 1.30pm to raise the price, but failed. I will post a chart showing the last time both EMA's were violated by the 20-minute EMA below this one. MUX was rising sharply well before Canaccord's buy rating came along, they ran it up to $24.88 before profit taking set in.
Even though the share price dropped below 3 of the 4 Exponential Moving Averages (EMA's), which is normal from time to time, ...we can also see how well coordinated MUX has been moving higher on this 15 minute chart throughout this time frame, from (10/3/25) through (10/17/25).
Other than a slight exception on 10/8/25 when the 20 dropped slightly below the 50, MUX has been moving higher in an orderly fashion until Friday's violation of the 50 and 100 lines. The close is what matters, and this one is slightly negative, but we still need confirmation.
This is an hourly chart. MUX hasn't bounced off of the 50-hour line since before 10/3/25. We will watch the $21.63 above and the $20.21 below which is the lowest black line. A successful test of the 50-hour EMA would be 'If' we can break and close above the $21.63, ...or, ...we move down to the $20.21 and violate it. The close is what matters.
The daily chart shows over 4-million shares traded on Thursday, while Friday's sell off has 2.7-million, we still have buyers holding, but we do have an evening star (Thursday's red bar), which is bearish, and it did close below the pivot-point on Friday.
I'd go full bear "If" Friday's bar were to have engulfed all of Wednesday's green-bar on much higher volume, but it did not, it ran back near the pivot ($21.35). Once again, ...we wait for confirmation, ...at least a couple of days, the other exception is, ...if gold and silver where to sell off sharply, it will take them all down. James.
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