MDCO
Sorry Paula, but I don't see the "mystery" or understand what you mean by "control of the price", wether that be strong or weak.<g>
As I see it, MDCO has been on a near term downtrend coming from its March 28 H at 14.81
It broke its near term support of 12.12 on April 19
It is trying to find support now at the 9 area, If that doesn't hold it seems it should test the 7.50 level, and if that fails then the next support is at 4.50.
It opened on an up-gap on April 29 with a volume of 54,200 on the first half hour, but that was immediately followed by a down move of 65,700 in the next half hour, which closed the up-gap.
The more recent half hour volume of 102,900 was slightly to the up side (9.59 to 9.62 <g>) and was then followed by a slight rally to the 10 level the next day.<g>
As I mentioned it tried yesterday to find support at the 9 level, which was also the Ls on April 26
MDCO's 3 average lines remain on a downtrend pattern (9.43 10.20 and 11.37 at present )(SA,MA and LA ) with the Price at 9.21
MDCO needs to close above the April 29 H of 10.89 before it could test the resistance at 12.12, but as I mentioned, it still remains on a near term down-trend and I am not able to see the "mystery" or the "price control".<g>
siliconinvestor.com
siliconinvestor.com
Now if you would mention MDCA, that is a different pattern, but not too much of a "mystery" either.<g>
siliconinvestor.com
siliconinvestor.com
RAGL
Bernard |
