Medical Developments

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MVP Basic Candle: Long Black

MVP Basic Candle: Long Black

[BEARISH]: Medical Developments has formed a Long Black candlestick. This means, MVP has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Medical Developments: Sellers have lost control.

[BULLISH]: Medical Developments opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 67.9%. This suggests the sellers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 7.1%.

CMF has a bearish relationship between price and volume

[BEARISH]: Medical Developments current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.2. Medical Developments (ASX:MVP) received a confirmed CMF crossover days on the Aug 27 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.27 occurring on the Aug 27 2019.

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