MDRX

[Melf Elf]

I had a 2% loss on this one in July (posted above).  I'm thinking of taking another stab at it, only this time on the short side.

MDRX broke below a Bearish Rising Wedge on September 15.  I think it had an analyst upgrade at the end of last week or early this week, and it has rallied for the past three days.  MDRX now is back for a re-test of the broken wedge.  It closed yesterday at 17.10.

Resistance:

17.18 - 50DMA, which has rolled over to the downside
17.36 - bottom of the broken wedge
17.39 - top of the Ichimoku Kinko Hyo Kumo (cloud)

[setravis]

Double Bottom (reversal) Pattern.......