MDR used to be a excellent company, due to fundamental and technical reasons, it has been sold down like nobody's business. To make matter worse, after the head and shoulders, price just plunged. As can be seen, those targets are overhead resistance as well.
Did i make any analysis mistake? You mean you went in on the Hammer?
At times of extreme oversold, i prefer to have another retest of shadow to give a double bottom and RSI break downtrend line to long heavy