MDR is a digital health co that has a platform designed to aid prescription management.
MDR recently announced a placement to EBOS - a 2.6bil market cap kiwi co. The raise was done at $0.057, a substantial premium to the last traded price. EBOS will be expecting a decent return on their investment.
Technical
On the day of the news, MDR gapped up on high volume. Price has maintained and held up despite the gap up with trading suggesting accumulation too strong for gap to be filled. Last week or so has seen higher highs/higher lows printed on the chart. Hoping for a break out above 5.3
Trading Plan
Stop loss at 4.5, no upside target - will see what happens.
Always have a plan before entering any trade
