Please look at the screenshot below (click on it couple of times to expand). Look at the price action in the past, look at the shape of the move-flat, down for 42 days and then big move up (over 100%) , now look at the price action for the past 40 days,past 100 days.... 3 targets :$0.55 - if MKD manage to move past that the next target will be around $0.77 from this level in my estimation it will move back to retest $0.55 area and if $0.55 area going to hold then MKD will make a move to ~ $1.16 area ...
Interesting thing to notice -when I posted my previous chart on MKD (it was pure speculation) when it was around $0.56 I stated that if MKD keep moving in the same pattern then it will go down from $0.56 to $0.36 before starting to move up, well it did, with in short period of time MKD moved down to $0.37 and then went up to lower forties (where it is reman as of today)..... Will MKD follow the pattern mentioned at the beginning of my post ?In my estimation we have about week or two (at the most to find out)
Not financial advice .
Interesting thing to notice -when I posted my previous chart on MKD (it was pure speculation) when it was around $0.56 I stated that if MKD keep moving in the same pattern then it will go down from $0.56 to $0.36 before starting to move up, well it did, with in short period of time MKD moved down to $0.37 and then went up to lower forties (where it is reman as of today)..... Will MKD follow the pattern mentioned at the beginning of my post ?In my estimation we have about week or two (at the most to find out)
Not financial advice .