MDVL - Backing out, for now. Technicals aren't strong
Here's a quick analysis on MDVL. This was initially appearing to be a great reversal play. However, the momentum got stopped out after the quick profit. Technicals aren't supporting the price right now to get it to the price targets. I have a feeling price will drop back into the demand zone again before we start seeing other uptrend.
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As always, please let me know if you see something I didn't catch.
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As always, please let me know if you see something I didn't catch.
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