Going to be an interesting couple of days ... MDR's chart is a near perfect cup and handle, except the handle extends a bit further back than ideal. But the handle was a typical pennant which was technically broken out of on the acquisition news then retested again. Again - textbook. And now the buy side is loading up as the slow stochastic is on the turn from near oversold and the MACD looking (extremely) potentially bullish ... just needs a day or two to confirm, which I expect happens. My money is on a good day today.
All the best.
Chart Stochastics looking prime
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Last
30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $215.0M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 27.5¢ | $254.8K | 889.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39326 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 2917 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MDR (ASX) Chart |
