M1 stock has been trending higher earlier following reports that overseas buyers are looking to acquire the stock. This led to M1 stock trending around the $2.25 price mark. However M1 stock price has been declining recently, even reaching an intra-day low of $2.05 on 7 Jul 2017 before closing the trading day slightly higher at $2.10. From $2.25 to $2.10, that was over 6% in price drop for M1 stock since news of potential acquisition were made. The price pattern on 7 Jul 2017 while forming a doji had already breached below the 200- day moving average on the intra-day low of $2.05 and it would have signaled a downtrend for M1 stock if not for the fact that the price went up slightly later on the same trading day to $2.10.
So what has happened to M1 stock price? Well, ......