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Wednesday, March 19, 2014 8:40:16 PM
MDNT annotated daily chart including supports and resistances.
Analysis: The RSI70 line and the PAR SAR on the weekly chart, caused this pull back, to test the previous .017 resistance as support, also the GAP UP at .0172 needed to be filled.
The RSI needs to go down as near as possible to the 50 line, to gain room for the next push up that will break the PAR SAR on the weekly chart, at .0273.
The +DI was also already a little too high, so it will go down to test the ADX line as support, and, when it bounces back up, it will also force the breakout of the PAR SAR.
Tomorrow, 03-20-2014, the stock will consolidate, will make a LOD at .017 or near, but, a test at .015 is also possible, and, will close unchanged or slightly positive, possibly at .020 or .021. This is needed to generate enough buy pressure to break the PAR SAR at .0273. This is what will happen, unless news is released, because news can affect the behavior of the stock, positively or negatively.
Daily chart(3 months)
All my previous annotated charts:
01-11-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95829019
01-27-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96394517
02-05-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96864303
02-06-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96912721
02-11-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97143943
02-12-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97213207
02-18-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97466858
02-24-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97773984
03-07-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98467488
03-10-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98577416
03-10-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98581223
03-16-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98898107
03-18-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98983113
Analysis: The RSI70 line and the PAR SAR on the weekly chart, caused this pull back, to test the previous .017 resistance as support, also the GAP UP at .0172 needed to be filled.
The RSI needs to go down as near as possible to the 50 line, to gain room for the next push up that will break the PAR SAR on the weekly chart, at .0273.
The +DI was also already a little too high, so it will go down to test the ADX line as support, and, when it bounces back up, it will also force the breakout of the PAR SAR.
Tomorrow, 03-20-2014, the stock will consolidate, will make a LOD at .017 or near, but, a test at .015 is also possible, and, will close unchanged or slightly positive, possibly at .020 or .021. This is needed to generate enough buy pressure to break the PAR SAR at .0273. This is what will happen, unless news is released, because news can affect the behavior of the stock, positively or negatively.
Daily chart(3 months)
All my previous annotated charts:
01-11-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95829019
01-27-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96394517
02-05-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96864303
02-06-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96912721
02-11-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97143943
02-12-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97213207
02-18-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97466858
02-24-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97773984
03-07-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98467488
03-10-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98577416
03-10-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98581223
03-16-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98898107
03-18-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98983113
Cheers
Dr Pennystock
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