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Bullboard - Stock Discussion Forum Medicago Inc MDCGF

GREY:MDCGF - Post Discussion

Medicago Inc > re - What's it going to take
View:
Post by Indicator on Sep 21, 2011 1:58pm

re - What's it going to take

BULLISH ascending trend line and triangle of sorts is in formation now, showing consistent support and steady,  measured buying with little selling pressure.

First wiff of MDG's very first commercial order for vaccines, and my guess is this will MOVE BIG and FAST

Might take a few weeks or months for that to play out yet, but from looks of the chart, people are continuing to accumulate and gradually nudging it higher, even in these crappy markets. 

As we approach commercial sales activity and substantial liftoff, pullbacks are being met with buyers.
So far , It's steady, methodical and all good!


Comment by KingKyle on Sep 21, 2011 2:25pm
Good analysis indicator.  Supported by fundamentals and known milestones for this company.. \accumulation is very evident in tight price range.
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