MDMN Daily Chart.......... Setting Up for a Move
Post# of 689
MDMN Daily Chart.......... Setting Up for a Move
Hey LoneGrey. I was just watching the NatGeo 'Built For The Kill' series. This one was about wolves.
As to MDMN, after months and months of bleeding, it does appear that we are about ready to begin a move up. A double bottom established in Nov and Dec has held, and since late January, the stock has been holding on to a gradual rising support line. The .075 level needs to be taken out. A move over .08 would be a confirmation that a reversal has occurred and a sustained move up is upon us. A close above the MA200 at .092 would be a very strong indication that MDMN will begin to test the teens again. Rumors of imminent funding and the drill program are in the air. Let's see what the next couple of days bring.
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