Downward Ray gave perfect breakout... upward ray to trend $MNMD
The downward ray given along with 3.60 magic number provided perfect breakout.
The upward ray coming from lows before the list has been drawn since before crossed, and has no validated itself.
Volume profile is favorable to the long side. This ray is simply guidance, but is offering a good leading indicator. If we can get above or at least stay close, it appears we continue trending for now.
Selloff yesterday proved absolutely no interest in staying at lower levels.
The upward ray coming from lows before the list has been drawn since before crossed, and has no validated itself.
Volume profile is favorable to the long side. This ray is simply guidance, but is offering a good leading indicator. If we can get above or at least stay close, it appears we continue trending for now.
Selloff yesterday proved absolutely no interest in staying at lower levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.