$TMDX Undercut and Rally
TMDX had solid earnings yesterday but good to look back and analyse how the stock behaves prior with an undercut and rally #UNR.You will noticed that the 21EMA crosses down the 50EMA and subsequently crosses up.
From there, the 8EMA intersect together with the classic "PINCH" to rally. Though the earnings was a catalyst. Institutions would have some guesstimates on the performance of this company in transporting live organs.
Some unique proposition which is key in selecting stocks too and fundamentals as well behind the surge. Could it be a POWERTREND? Let's observe.
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