MOD broke out of its 3 weeks consolidated range, trading beyond its $13 major resistance level with a pre-market open runaway gap pattern. It closed this morning at $13.47, representing a intraday gain of +6.40%, a similar breakout was also witnessed in 
AMBA that was alerted yesterday.MOD first sign of bullish trend resumption was signaled with a Bullish Reversal Hammer candlestick pattern on 20th November 2020, with a further continuation breakout on a week's of consolidated price action on 15th December 2020. The cumulative % gain in this short term rally stance at +23.14%.As
MOD is currently trading at its 52 weeks high, it is still a distant away from it's all time high (triple peak) established at $36 (180% away) in 1995-2005 period. The first major resistance to watch is at $17.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.