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MDR Charting, page-9

  1. Lucror
    680 Posts.
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    01/06/16
    09:52
    Post #: 17919879
    Technical's on the turn? (Genuinely interested in your views)

    Short term action appearing to be channel bound.... nice news driven pop (with volume) Monday from lower support level followed by tight ranged inside bar yesterday finishing on its high. Stochastic indicator has crossed from near oversold levels with MACD seemingly on the verge. OBV remains strong. Moving averages also coming into play (not drawn though shown below). Still some work to do overhead though looking better imo. A break of .037/.040 levels in the near term would be nice (to state the obvious) Constructive TA comments/views welcomed.

    MDR.png
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    *MA source investing.com > MDR Technical Analysis
    Last edited by Lucror: 01/06/16
    MDR Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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