chart, page-2

Excuse me for interrupting the busy flow of charts here, but someone asked me to look into MDI's chart and so I thought this is the place to post it. So here is the daily chart as I currently see it ...

Currently the last uptrend has been corrected to Fib 50% or 1.5c while testing the 200 EMA (read). The 50 EMA (green) looks as to guide down the SP beneath it. Personally I wouldn't be surprise to see 1.4c relatively soon to test support there. If it holds all good however if it gives way 1.2c is the next test at Fib 61.8% retracement level.
Even though the gap at 1.8c has been closed, there is still an open gap to 0.8c at the Fib 78.6% retracement level, which may or may not be closed. As we know not all gaps are getting closed, however it is worth to be aware of there existence and there magnetism.

A positive I see, is a small positive diversion between the current SP move heading down, while the RSI heading up, which could lead to something more because something will have to give eventually.
I have not done any FA on this stock so my opinion is simply based on TA only and so I have not considered any expected announcements or developments. I have so far no interest in MDI and so I'm not here to ramp in any direction or start any arguments. So please take the above simply as a TA opinion, nothing more nothing less!