MDXG close above $3.10 and push through $3.20 to hit $3.65
Reasons:
1- Heavy sell-off in April
2- Price has closed above Monthly pivot and maintained
3- Tight flag formation on Daily above the pivot with multiple inside bars
4- New CEO as of 5/13 which gives some needed positive change
5- Price hit close to S1 Monthly level and has pushed up. R1 would be the immediate target.
$3.22 is the 50% pullback from last month's move down. With a nice Daily flag forming just below it, a strong move up could easily take out this area for target $3.65.
Next targets beyond would be $3.85-$4.10.
1- Heavy sell-off in April
2- Price has closed above Monthly pivot and maintained
3- Tight flag formation on Daily above the pivot with multiple inside bars
4- New CEO as of 5/13 which gives some needed positive change
5- Price hit close to S1 Monthly level and has pushed up. R1 would be the immediate target.
$3.22 is the 50% pullback from last month's move down. With a nice Daily flag forming just below it, a strong move up could easily take out this area for target $3.65.
Next targets beyond would be $3.85-$4.10.
Heading in right direction.