MEDH has been channel-trading in a wide range. Now, the stock is back at support as the whole cannabis space has corrected. A rinse-and-repeat channel technical opportunity in the making for active participants.
The company continues to expand and ramp up as a new entrant into the space.
MedX Holdings Inc (OTCMKTS:MEDH) is a new entrant into the US cannabis...
MedX Holdings Inc (OTCMKTS:MEDH) is a recent pivot into the cannabis space and may deserve a close look given its strong outlook and the promising context offered by the cannabis space as momentum drives new capital toward this growth theme.
We took a look at this stock about a month ago, noting that it appeared to be coming out of a very bullish technical setup...
$MEDH appears to be coming out of a bullish MACD divergence, a fresh basing pattern, a break and bullish retest of the downward trend line defining its prior directional move, a break above the 50-day MA, and supportive test of that MA.
This mirrors the company's recent turnaround/reset and fresh fundamental momentum. The company just regained OTC Markets...
Even if it's not very clear this is a double bottom formation, with a breakout on neckline level. If it consolidates above this level it can make one more wave up too.
