| An SI Board Since February 2025 |
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MLSS |
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One of the best charts I have seen in a while and great progress in its new CompuFlo Epidural system.
Milestone Scientific, Inc. is a biomedical technology research and development company, which patents, designs, and develops diagnostic and therapeutic injection technologies and instruments. It operates through the following segments: Dental, Medical, and Corporate. The Corporate segment refers to executive management, investor relations, patents, trademarks, licensing agreements, new instruments developments, financing activities, and public company compliance costs. Its solutions include CompuFlo Epidural, CathCheck Verification System, and Single Tooth Anesthesia System. The company was founded on August 17, 1989 and is headquartered in Roseland, NJ.
Milestone Scientific Inc. (MLSS) - 1H Chart AnalysisThis chart shows MLSS trading within an uptrend channel, but currently testing key support and liquidity zones. Here’s a breakdown of key levels and potential moves:
Key Observations & Levels:- Trendline & Support Zone (~$1.22-$1.23)
- The stock is testing trendline support within an ascending channel.
- A breakdown below $1.22 could lead to further downside toward $1.15-$1.10 (next liquidity void).
- Liquidity Voids & Order Flow:
- Multiple liquidity voids below $1.10, meaning weak support in that range.
- Strong buy-side liquidity above $1.28, meaning bulls need to push past this resistance for upside continuation.
- Volume & Momentum:
- Decreasing volume on the recent pullback, suggesting potential for a bounce.
- If buying volume returns, $1.28-$1.30 becomes the next breakout target.
Potential Trade Setups:?? Bullish Scenario (Bounce & Continuation)
- Entry: $1.22-$1.23, looking for trendline support to hold.
- Targets: $1.28 ? $1.35 (gap fill above).
- Stop-loss: Below $1.20, confirming a breakdown.
?? Bearish Breakdown Play (Caution Zone)
- If $1.22 fails, expect a move to $1.15 or lower.
- Short entry below $1.20 targeting $1.10-$1.05 (liquidity void area).
Final Thoughts:- MLSS is at a crucial support level, either bouncing from $1.22 or breaking down toward lower liquidity zones.
- A breakout past $1.28 leads to a rapid move higher, but bulls must step in.
- Volume confirmation is key—watch for buying pressure to determine direction.
?? Critical level to watch: $1.22! Potential for a strong bounce if buyers hold the trend. ??
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