MDR trade ideas
MDR has it found support or just a pause before retracement?MDR hit some recent volume but seems to have stalled indicating perhaps some further downside in the short term before hitting support?
AX.MDRHey investors!
here we have a tech. health stock with a deep retracement a defined long term downtrend. awaiting the reversal signals and taking note of the Fibonacci retracement. entry could be between 0.305 and 0.370 depending on how it react over the next week and possibly into Christmas, lower prices should be expected. if an impulsive move is made to the downside. the recovery should be sharp.
short term bearish
long term bullish
regards,
limitlesss
