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Friday, June 17, 2016 7:03:23 PM
Don't mind me. It's beer-thirty and having some fun with the reads!
As to the chart/technicals, MDMN finally closed under the .0145 upper support channel line. Where was Picasso today when you need him? As you can see, the RSI has failed to get back over its 50 line for a few weeks now. The stock can't move above its MA50. It hasn't been able to recapture the MA200. FullSto curling down a bit again, while the MACDs have been flat at best with more room to go towards the downside. We just might be able to see a quick move down under the minor support line at .0135 and maybe some .012s again. Should that occur, I think the indicators will be sufficiently oversold to warrant another swing.
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