GREY:MDCGF - Post by User
Post by
wizwizon Nov 11, 2010 9:08pm
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Post# 17696183
Medicago Price Chart Analyzed
Medicago Price Chart AnalyzedIn order to add some value on this board, I decided to post my technical analysis on Medicago. Constructive comments are always welcomed.
Unless MDG can break out of its downward price channel, it will bounce off of 30 cents and move back up to hit the upper channel once again. It should take another cycle of 2-3 months before it hits 30 cents. It is interesting to note that each of the Fibonacci retracement lines acted as resistance.
Of course some good news can cause it to break above the upper channel and start a bullish trend.
Wiz