gb.
We must be looking at different charts!I don't see MDY in an upward trend at all.
Looking at the 6 month chart on AFN,it seems to be stabalising in a narrow range after a severe fall.More often than not,in a graph such as this,the next major move is a continuation of the longer term trend,which in MDY's case,is indisputably downwards.
Enough of the technicals;on a fundamental basis,MDY still has a rich valuation,and is priced on the if and buts of the future.Granted,the potential for this to be massive is there;but the potential for this to be another British company that couldn't quite hack it in the US is very much there too.
In short,I believe it is a gamblers share,and find it very worrying that the directors did not buy 1 SINGLE SHARE after the results.Forget the hogwash about a continued closed period;it is not true.