Mediatechnics Corporation (PINK:MEDT) registered two consecutive positive trading sessions this week.
On Tuesday the stock finished without any price change as compared with the previous close. However, in technical terms the stock bounced off the resistance, which prevented the emission of a bearish technical signal to market speculators.
The next day MEDT made a significant price jump. MEDT rose that day by 100% to $0.0014 on a volume of 14 million shares which is three times higher than the daily average.
Yesterday the upward movement continued after the stock registered another positive trading session. MEDT closed 21% higher at $0.0017 . The volume this time was ten times higher than the daily average of 52 million shares.
After the last move MEDT broke a significant resistance at $0.0014. However, it is not certain where the stock will move next as there seems to be a speculative motion around the momentum of MEDT because it happened without any officially published news.