No technical indicator is worth the ink on the printed paper without a sound fundamental backdrop. There is only so much one can project based on technical performance of the stock.
Rick did use the disclaimer, to his credit, that MDMN needed to make the announcement of the deal for the stock price to move higher.
MDMN needs to perform, or it is back to the lows of 2011. IMHO I do not see that yet. But it is possible.
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