MXL: Buy The Dip?

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Recent earnings didn't seem to please the investors and price fell over 14% to the 61% fibonacci retracement area. Areas marked to look out for. Analyst target at $25.
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In case of buying MXL I would consider taking short term shorts/puts around key levels.
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Levels pretty much spot on.
FibonaccimxlSupport and Resistance

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