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MNMD

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