Possible support levels for MKD : $0.18 , if $0.18 fail to support then next possible support level at around $0.15 and $0.13 .
retest of $0.18 level is very possible in my opinion due to current market action.
Not financial advice .
Thanks for your time reviewing my chart . Look at the down channel on the chart, as you can see that MKD is approaching the bottom of the down channel ,look (by zooming out) on the price action when MKD is touching the bottom of the channel.In my estimation MKD will create a new value zone with the bottom of it being at around $0.28 and the top at around $0.37...
Please look at the screenshot below (click on it couple of times to expand). Look at the price action in the past, look at the shape of the move-flat, down for 42 days and then big move up (over 100%) , now look at the price action for the past 40 days,past 100 days.... 3 targets :$0.55 - if MKD manage to move past that the next target will be around $0.77 from...
Pure speculation, but look at the support lines (black lines), if MKD continue to follow the pattern then possible move up can be expected from ~$0.36 level .
Not financial advice.
Molecular Data has plenty of insider holdings, as well as institutional, signifying continued faith in the companies future prospects. The institutional shares at ~16% could pose a selling hazard eventually, as MKD doesn't have history of growth, if the company fails to deliver upon expectations. At the same time, such a large number shows obvious interest for a...
Molecular Data Inc (NASDAQ:MKD) broke and closed above its EMA-200 for the first time in months accompanied with high volume. The stock price hit a high of $1.93, which is now resistance for Tuesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. MKD will move very quickly, so watch the stock closely.
NASDAQ:MKD As seen on the chart it is holding the fort at $1.04. Continuation should get us to the next resistance at around $1.50ish. Since it has attempted to break it twice previously we will need to watch that area carefully. However since the second shot at it had significant volume compared to the first attempt I think there will be enough interest to...
We played this a few times on Friday - held a small amount over the weekend but the bulk of my trades I scaled in large around 1.06 and scaled out up to 1.65ish. Analyst price target of $9 caused this to run on Friday. I am *hopeful* that we get some more eyes and volume on Monday because it certainly needs it.
The Friday AH did some damage, with little...
Molecular Data, Inc. is a technology-driven platform in China's chemical industry, connecting participants along the chemical value chain through integrated solutions. It delivers e-commerce solutions, financial solutions, warehousing and logistics solutions, and SaaS suite that are intended to solve pain points for participants in the traditional chemical industry. The company was founded by Dong Liang Chang and Li Li in 2013 and is headquartered in Minhang, China.
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