Medicago Inc MDCGF

indicator

[beenthere]

Your post from yesterday ..Possible Flag forming (Chart)

A BULLISH and very reliable pattern (scroll down to see chart):

"Sharp Move: To be considered a continuation pattern,there should be evidence of a prior trend. Flagsand pennants require evidence of a sharp advance or decline on heavyvolume. These moves usually occur on heavy volume and can contain gaps.This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely apause."

After today would you not agree the flag represents a decline not an advance.

[Indicator]

Flag has yet to form, it can still do so, but yes, it has not held today as well as I had hoped.  Small holders taking profits (mostly small sell orders) and selling breeds opportunity for those wanting in lower - I doubt anyone is crazy enough to short this at least until after the results are announced.   I expect it will firm up soon, unless the f'ing two faced TEAM players here