MDMN ~ End of the Week Chart..... MDMN has been
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MDMN ~ End of the Week Chart.....
MDMN has been in a month long correction and consolidation period which I believe is just about over. The indicators on the chart have reset, such as the MACD and the RSI from the overbought conditions of early to mid March. The decline in share price has given way to a nice 'rounded' bottom on the chart while moving from .115 to .13. I've been in MDMN since the lows of .005 and continue to hold as management struggled to bring a major joint venture to their shareholders. This will become history for a penny stock, junior mining company upon the funding of the JV which is anticipated to close at any time with the release of the initial payment to MDMN. My own guesstimates, once this occurs, is that MDMN will see at least $1.00 within 2-4 weeks of the news as an aggressive drill program gets underway.
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