Medicago Inc MDCGF

Ready for next run

[TechnicalBuy]

Pretty much all speculation is now out of the stock.  We are sitting at an oversold position on relatively low volume. 

I predict we will see a very sharp reversal soon without much effort. 

For those that are worried I would like to point out the same worry when the stock went from $0.43 to $0.185 before rising to new highs.

Many flipping have lost interest and will come back chasing once again...

Regards,

TB

[Capitán]

Reversal actually started today, but it will need a higher closing price with higher volume tomorrow for confirmation.I've taken advantage and positioned myself for much higher gains to a minimum target of $1.00-1.20

[Corkstown]

I can see why you say that capt even though yesterdays candle was red or a lower close than open. Good volume yesterday too.

[Capitán]

Was a hammer candle as well.

[Jotte03]

We´ve had a couple of hammers the last ten dreadful days as well that hasn´t worked out well for us. I hope this one will.Otherwise there is not much that is in favour for MDG technically other than it is oversold and has gone down eight of the last ten days so a bounce ought to be in place soon.MDG has broken the rising trend, broke below MA50 like nothing, it´s even trading below

[oilandgaswells]

Technical analysis on junior/developmental stocks is an unscientific approach to anticipate price moves. Medicago moves on NEWS and Corporate Developments. The more comprehensively the Company gets it's story told and sold, the higher the demand for shares, thus increase in SP.Regardless of the TA on Medicago, when they release news on a deal with China or positive results of Phase 1 trials

[Jotte03]

Hi oilandgaswellsMy experiense with TA on juniors is quite good although not as reliable as on large caps, I agree on that.Your points on MDG beeing a news driven and corp. development stock is accurate I think.BUT, that is also what pussles me, the news so far back as I can recall has been nothing but good for MDG, as well as building the company in a proper manner.So that raises the big ??? for