MMED on breakout watchlist, potential long into earnings.

16 Nov 2020

I am hoping to buy the breakout tommorow if the conditions are met:

- opens near close or at least does not gap up too significantly.
- Breaksout of the 1.46 price target


Stop loss would be 1.20 to 1.25 range.

21 Nov 2020

Nota

broke out nicely, good volume. I took partial profits but will keep the remainder of my capital running.

There was no price rejection and may be an earnings long play.

24 Nov 2020

Nota

Today was a great day! Todays trading volume was the 4th highest ever recorded for MMED (although it has not been trading for long)

Its at all time highs, its running and there is no price rejection at this point. So I expect it to continue its run.

I am in this trade already, and I take partial profits as it moves to the upside. If I was not in the trade, I would personally avoid at this point as I dont like to risk FOMO losses.

24 Nov 2020

Nota

I exited the trade at 2.47.

Good luck everyone who is staying in. It may run, but it has achived what I was personally looking for on a risk/reward basis.

It will stay on my day trade watchlist for breaks above ATH