Medicago Inc MDCGF

Chart

[Indicator]

- Golden cross now in place, good sign for more up move potential but it's a lagging indicator so it is not set in stone.

- Oscillators not strong for solid up turn just yet.  Prefer lower end of channel.

- Still sellers out there and buying is tentative but at least it is holding in here so far, as flag forms..

Flag is sloppy, but forming with low base at .51 - if MDG breaks .51 to downside on volume that would not be positive and until Phase 2 results not likely. 

- Bargain shoppers still in the game as we move towards Phase 2.

[overthehorizon]

It's nice to see some intelligent analysis on this board instead of useless overpumping which creates useless emotional replies.  I hate to think of how many people may have stopped quickly to check out this board and then moved on quickly without a second thought because of the pumping, wild card predictions, and emotional responses. 

[rickydee]

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[beenthere]

I think he was talking about you, rickydee

[kungfu010]

indicatorVery good analysis....backed up with chart

[rickydee]

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[rickydee]

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