$mdgc bull market hits first test.
Bid/ask spread has widened quite nicely.
Bid support is currently below two major resistances. $.0015, $.002
Ask side has a few thousand $ between us and 3rd major resistance $.0025, bullish.
Bid support is less than $100, quite bearish/weak.
Technicals are intriguing. Traders could take a chance here to test 3rd resistance, sentiment is turning but we have seen this rodeo before. Contrarian view may justify a run up and over the $.0025 resistance but unlikely if no bull presence in market.
New management is announced, new or no news $mdgc has experienced rough waters in the transparency department. If the relief rally is over then downside targets of $.0009-$.0011 range. If the relief rally has just stalled to give us some consolidation look for a re-test of the $.0025 area.
All IMHO
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