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midastouch017

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midastouch017

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Wednesday, 03/09/2022 12:23:41 PM

Wednesday, March 09, 2022 12:23:41 PM

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MediWound (MDWD) Could Find Support Soon, Here's Why You Should Buy the Stock Now

https://finance.yahoo.com/news/mediwound-mdwd-could-support-soon-150003834.html

The price trend for MediWound (MDWD) has been bearish lately and the stock has lost 20.3% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.

While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this developer of treatments for burns and hard-to-heal wounds is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
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