Going to be an interesting couple of days ... MDR's chart is a near perfect cup and handle, except the handle extends a bit further back than ideal. But the handle was a typical pennant which was technically broken out of on the acquisition news then retested again. Again - textbook. And now the buy side is loading up as the slow stochastic is on the turn from near oversold and the MACD looking (extremely) potentially bullish ... just needs a day or two to confirm, which I expect happens. My money is on a good day today.
All the best.
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