Howdy CBRJT2020 it's been a minute since seeing your posts. What...

Howdy CBRJT2020 it's been a minute since seeing your posts. What a day we are having on MDI, up 19.64% from time of writing.
Few things of interest to me here:
1. Nice bounce off the 618 fib
2. Immediate resistance is a huge one, the 200 day MA at 34c and also a potential golden cross between the 50 and 200 DMA
3. Volatility is increasing as per CTHVP on the chart
4. Volume increasing (buyers side dominant).

We are looking for confirmations that this is a legitimate breakout and a reversal to the upside, particularly a close and hold above 34c on the daily (weekly would be a strong confirmation), a golden cross would add validity to the breakout. Volatility percentile to expand as SP increases and volume to go along with it.
A point to note is that this pump today is based off no news other than a change of director's interest notice x 5 so i would tread carefully as SP can try to retest the 28c region if 30c doesn't hold ( Sellers can come in last minute and flip us on our a$$es)

GLTAH & ofc this is only my opinion