Geez, brutal day for Modular Medical, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to
hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value.
The company isn't at an immediate support or resistance level that might be predictive. But we can consider it's momentum, Modular Medical has seen a lot of selling over the last year which hasn't let up, this thing has really been sliding. People who bought the asset have lost -87.80 percent over the last 12 months, not great! I would wait until it get to a better support level before rolling the dice on this one. MODD might find some support at the 3.28 level, buyers might push the price back up from here. But it's not very clear what will happen.
