CASH COW

[stockmann]

MDVX..Range is getting tighter

The seven-month ascending triangle (bullish) continues to tighten. Meanwhile, a symmetrical triangle (also bullish) has been developing the past two months. In other words, the range is getting tighter, which means we could be getting close to the point of breakout. Both patterns indicate a strong move to the upside once the $1.90-$2.00 range is taken out. That $2.50 price target by the covering firm should easily be met, as I see the mid-to-high $2's as a possible upside target in the coming months.