The short term RSI (Relative Strength Index) has gone from 11% undersold (where it has been for the last 10 days) to 55% oversold today leaving a nice strong dominant candle. It has also broken through the bollinger band another positive indicating a change of direction.
Although it can be distressing looking a the dropping price. I am confident that the first quarterly report with bring a change of direction and things will be heading upwards. Not long to wait if you weight up the probable percentage gains.
From the history of this stock MAD continually seems to be announcing new business ventures and discoveries. Looking forward to the next red ! in the announcement box.
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