OTCPK:BMTNF - Post by User
Comment by
ATLEVANon Mar 15, 2007 1:06am
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Post# 12421255
RE: price objective 0.82-0.86
RE: price objective 0.82-0.86Technical Analysis Chart Help
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Madison Minerals (MMR on TSX Venture)
Industry: Metals and Mining
Event Details for: Diamond Bottom
A Diamond Bottom is considered a bullish signal, indicating a possible reversal of the current downtrend to a new uptrend. Prices create higher highs and lower lows in a broadening pattern, then the trading range gradually narrows after the highs peak and the lows start trending upward. The technical event occurs when prices break upward out of the diamond formation, which confirms the pattern. More...
Event Date: Mar 14, 2007
Opportunity Type: Intermediate-Term Bullish
Close Price: $0.64
Target Price Range: $0.82 - $0.86
Price Period: Daily
Volume: 50,300
Pattern Duration: 29 days
Inbound Trend Duration: 74 days