Medicago Inc MDCGF

Medicago Price Chart Analyzed

[wizwiz]

In 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

[Indicator]

thanks for yor chart wiz ....  I notice considerable support at .35 in 2008, 2009 and again recently.My guess is, based on Phase 2 and upcoming news opportunities,  that recent .35 is the bottom. Short term Daily shows lagging MACD still in bull territory, but on down trend during pullback.I watch WM%R for its capacity as an early indicator on daily chart, and we are moving into oversold

[wizwiz]

My call is the .35/.36 bottom holds again and MDG resumes upward trendsoon.  Entering Phase 2 could take us into .50 territory as thespeculation mounts.Indicator,Medicago has already started the Phase II trials, and the stock price barely moved. The Phase II results should be available in 3 months, probably by the end of Feb 2011 or early March. I expect the low will be between 30 and 34

[Indicator]

nobody knows!....  but like yourself, I too am amazed the price is not at .50It's a testament to the level of disappointment with Mgmt over what some consider  grotesque patronage to PP holders.I can't see them doing too much too stupid from here as their cronies are now all on board, so I expect the closer we get to PP results, the higher MDG will go.  At some stage, the PP