Todos Med Ltd (TOMDF)

[foxi]

Today was the 3rd highest volume day for TOMDF since August 2017 and only 29% was sell volume. It's OTCQB with real products and financials and I think it's well poised to run higher soon. :)

From a purely technical standpoint, today's action saw a high at the profit target for a falling wedge on the daily chart, and the close was at the lower profit target for the same wedge. Since investors didn't just flip it, it saw a nice rebound end of day after finding support at the 200 hour moving average.

The bigger picture shows this in a down channel but I expect it to break out shortly. Might need another few days to consolidate or it might just run from here. Look at RSI and compare to the price action from the earlier leg up.

Bad outcomes to watch include a Dark Cloud Cover candle or Shooting Star forming tomorrow, but imo this is less likely than it running higher to continue the breakout. Any consolidation should happen nearer the top side of today's range if this is going to continue trending up. This was a really strong day!

GLTA