Panjang
MDXG close above $3.10 and push through $3.20 to hit $3.65
Reasons:
1- Heavy sell-off in April
2- Price has closed above Monthly pivot and maintained
3- Tight flag formation on Daily above the pivot with multiple inside bars
4- New CEO as of 5/13 which gives some needed positive change
5- Price hit close to S1 Monthly level and has pushed up. R1 would be the immediate target.
$3.22 is the 50% pullback from last month's move down. With a nice Daily flag forming just below it, a strong move up could easily take out this area for target $3.65.
Next targets beyond would be $3.85-$4.10.
1- Heavy sell-off in April
2- Price has closed above Monthly pivot and maintained
3- Tight flag formation on Daily above the pivot with multiple inside bars
4- New CEO as of 5/13 which gives some needed positive change
5- Price hit close to S1 Monthly level and has pushed up. R1 would be the immediate target.
$3.22 is the 50% pullback from last month's move down. With a nice Daily flag forming just below it, a strong move up could easily take out this area for target $3.65.
Next targets beyond would be $3.85-$4.10.
Nota
Nice break, retest back to 3.10 and looking to close higher on the day. Heading in right direction.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.