May. 24 at 7:58 PM
KeyBanc just highlighted
$MMSI as a top medical device pick as Merit Medical secures expanded FDA breakthrough designations for its localized micro-catheter therapeutic pipelines. The weekly chart has spent weeks absorbing float directly against our primary line in the sand, positioning the tape for a major momentum shift ahead of the mid-year healthcare rebalancings. š¬š°ļø
šÆ Levels to Confirm:
š Bulls:
$MMSI must claim and defend
$82.16 on a closing print to break the corrective base and target a run back to
$89.50.
š» Bears:
$MMSI need to force a hard rejection at resistance to target a markdown flush below the
$54.17 support shelf.
#MedicalDevices #BioTech #MMSI #TechnicalAnalysis #hovdid
