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Mindmed

Downward Ray gave perfect breakout... upward ray to trend $MNMDThe 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.
NASDAQ:MNMDLong
by GratefulDaytrader
1
$MNMD Looking to Trend, Must Close Above Black Ray...Price discovery is full effect. We've seen some healthy consolidation near what I believe to the bottom - about 2.94 2.25 was the accelerator, and I indicated the price action around it last week was very bullish... Numbers to watch are 4 - 4.55 - 5 - 5.69 There's not telling what happens this week... that FDA news just dropped and market is reacting (although it was evident in the price action last week) Keep focus on the black ray. That's a channel we want to stay out of. If we can close above it I believe we start to trend for now.
NASDAQ:MNMDLong
by GratefulDaytrader
MMED lukewarm. Looking for new confirmation.A friend mentioned this stock to me so I charted it. I don't know the fundamentals. On one hand I like the accumulation pattern. On the other hand, I don't like the weak volume on the local high but at least I don't see bearish divergence on RSI. I also think the whole market is cooling off a bit. Stop losses in the red zone if it falls through support. If it starts looking really froggish below the next resistance line, I would use a judgement call to possibly front run the breakout, risking an instant reversal and big losses. That would require some very positive fundamental analysis as well as technicals on steroids. I'm not sure about the XABCD pattern. I'm going to wait for confirmation of the next trend. If you're a fan of this stock, or if you don't like it please tell me why. Please give me a like and a follow, and check out my other charts.
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by RickSmash
12