Will kick of a chart thread for MDC as I couldn't find one. Analysis is my opinion only and not to be taken for advice to buy or sell. Open to comments and alternate analysis.
Monthly, Weekly and Daily below.
Monthly: Trading within same sideways channel for 6 - 7 months now. Indicators do appear to be turning upwards ever so slightly. Consolidation period appears to be over.
Weekly: Same as monthly in terms of channel however indicators appear to be showing upward movement more predominately. Weekly is my choice for MDC due to historical volume and price action.
Daily: Looks to have broken the short term downward trend on volume. Left a gap in it's wake so this may yet get filled. Market had to make a choice whether it would keep heading down or begin to reverse the long term downtrend.
Given this TA above and FA(revenue incoming and products on shelves) I have taken a LT position at $0.40c.
Good luck to all the LT investors with Medlab as I'm sure there are quite a few.
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