Posted On: 05/29/2014 8:51:55 PM
Post# of 2561
MDMN Daily Chart ~ Waiting for Our Next Entry
I was just asked if it's time to begin buying back a few MDMN. Barring any major news, imo no. As I've mentioned a few times over the last few months, MDMN is one of the easier stocks to swing trade. The last exit was a simple technical exit, nothing more, nothing less. Way outside the upper bollie while the FullSto and MACDs were near the ceiling. There really wasn't any other way to play the stock other than selling some or all of one's trading position. I wished I had swing traded MDMN over all the years of 'Next Weeks' instead of sitting and waiting. It was a nice swing from the support levels of .035/.04 when the indicators said it was safe to enter again. Awesome trade everyone! Currently the stock is trying to put in a bottom in the .065 area, but the Sto and MACs say there's more waiting ahead. There are those believing that the current, signed offer on the table will be accepted by management, but it doesn't look like too many are buying it yet as reflected in the share price. I personally will wait for the indicators to reset. GLTA
I was just asked if it's time to begin buying back a few MDMN. Barring any major news, imo no. As I've mentioned a few times over the last few months, MDMN is one of the easier stocks to swing trade. The last exit was a simple technical exit, nothing more, nothing less. Way outside the upper bollie while the FullSto and MACDs were near the ceiling. There really wasn't any other way to play the stock other than selling some or all of one's trading position. I wished I had swing traded MDMN over all the years of 'Next Weeks' instead of sitting and waiting. It was a nice swing from the support levels of .035/.04 when the indicators said it was safe to enter again. Awesome trade everyone! Currently the stock is trying to put in a bottom in the .065 area, but the Sto and MACs say there's more waiting ahead. There are those believing that the current, signed offer on the table will be accepted by management, but it doesn't look like too many are buying it yet as reflected in the share price. I personally will wait for the indicators to reset. GLTA
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