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Setting for a triple top breakout of the .0054 level. Stock wound tight and Friday selling on delayed pr acting as a great shake and launch point for our next run..
Digesting Thursday's huge gain well. Would expect the momentum generated from that power spike to continue soon. Generally a pullback last about 3 days...
Reclaim intraday support .22, that was the dip, ready to run. This is not your typical tbx play, doubt we see the huge tank everyone worried about on the scam companies, this one is actually real...
Big day likely wednesday. Huge upside or downside to low 4s...
It's gone from 1c to .003 in a couple months and ur indicator is about to signal a new downtrend? I think that might be a lagging indicator man. And no, it doesn't need .005 today, it just needs a small bump up to clear the hourly downtrend line from November. That would be a clear signal that te downtrend is broken. Go look at an hourly chart and you will see what I'm talking about.
Already broke 1cent with a meaningless chill and products in a warehouse not selling.
Catalyst is that this is undervalued and under owned relative to its business. That's a real catalyst a pr is nothing but an update. This uptrend will continue because the stock is cheap and catching up to its true worth.
No damage whatsoever done to the chart by today's action. The 20dma held and we continue to trade firmly within but near the high end of the pennant, bullish.. This is wound tighttttt. Pr? It'll come when it comes, not a concern here as we are in the very early stages of a monster move.
Yesterday and today were successful retests of the 12-6 low. Today heavy volume reversal off those lows certainly looks like confirmation that they will indeed hold. We closed just under the 50dma, but looking like we will reclaim it soon relegating the move over the past week a headfake below. The hourly downtrend line from 11/26 is about to be broken topside. That should unleash a monster short covering move higher.
50dma still acting as support and holding like a champ. The 20dma is no longer resistance so it looks like blue skies up until the .009 area which represents the major uptrend line from below as well as the area of the golden penny.
Yeah they hired a third party marketing firm right? They hired extrmepicks or awesome penny stocks? Total pump via twitter! Didn't think so Richard, this is pure organic buying grass roots..
Vndm has a small capital base, that's why they were desperate to move the stock lower and unload their short inventory. They don't have a robust business making markets in penny stocks, all it takes is one insane one like mdin to put them on the brink of extinction. I think they are probably very worried at the moment. They are a bucket shop brokerage dabbling in making markets OTC for legitimacy but don't realize the danger of an mdin type move against them.
No pr is a great sign that this is a real company going through real world issues. Who coordinates a pump without press releases and only on twitter? Bear thesis destroyed again and all based on a minor delay if you can even call one day a delay. Love the setup and sentiment on this one.
Holding the 20dma here just fine. This isn't a failure of the pennant break as we never made a new high(.0054) just tested the old one. This will likely be a nice shakeout before the real pennant break. A good shake always leads to a better upside move.
If things were 100pct certain there would be no inefficiencies in the market and zero opportunity to make money. You go ahead and wait for confirmation of everything and I'll sell you my shares then. Everything is a risk bro, especially in OTC market that's why upside can be massive. But you go ahead and buy Microsoft, they got audited financials to boot.
This is such a no brainer here, yesterday down 30pct after long decline is textbook climatic especially with a completely flawed bear thesis.
Can't believe people selling cuz the press release hasn't hit right away. Unless you think the CEO is outright lying, we'll see an update soon. Is anything ever as smooth as you want it to be in any walk of life? So it's delayed a bit for reasons unknown, big deal. Thesis unchanged and target remains .0075 very near term.
Man you are such an amateur. Chill removed, stock won't go up till after sales. Stocks are forward looking bro and it's already up a ton despite the current pullback. But it's ok, you go ahead and wait for the chill to be removed and sales to come in and buy at a nickel.
Chill meaningless IMO, I could give an eff about a chill and anyone waiting for it to be removed before investing is moronic. Doesn't change anything about the company's thesis, zero.
Pennant break oh so close and the pattern suggest a quick move to .0075 at minimum. That's calculated by taking the size of the first move (.0054-.0002) added to the pullback low of .0023...
Churning around the 50dma continues. Expect this level to prove its worth then a quick move to .005 should ensue.
Clear break of 20dma should lead to a quick move to .009ish. That's the uptrend line from below and area of the penny. Basing there for a bit should lead to a sweet break of a cent and away we go...
Clearing the 20dma with a nice volume spike. Clear skies till .009ish
Shorts still trying to press the 50dma and downtrend line but they are picking on the wrong stock. Fundamentals too strong and it's already been a lengthy pullback. Look for .004 to clear then a swift move higher to .005ish...once we reclaim .005, away we go to the penny
Consolidation tends to resolve itself in direction of the trend. This is wound so tight and the trend is up..can't wait, perfect catalyst to breakout with a company update soon.
Ready to bust over the 20dma and rip back to around the .009 level..50dma holding like a champ, great launching spot for this next move. Blue skies once the 20dma goes down..
Boo yah
Love that this isn't rallying into the news. Sets us up for monster breakout
Selling pressure abating, first step to end pullback and then rally. Gift here for the brave.
Generally a recovery within 5 days of breaking support level can be considered a shakeout. I'd think mdin recovers early next week, that letter is outstanding. In the end fundamentals will win out, this is growing and is undervalued, it's going higher.
This 50dma shake is going to look like the buy of the decade. What a great letter, this stock is so freaking undervalued its a gift to those who have the guts to buy this pullback.
Not much selling pressure, nobody wanna hit my 500k bid at .0031...
This is looking like a 50dma shakeout especially with how thin the ask is. Gonna average up around here (cost basis .0008)...
Vndm is a disabled vet owned firm trying to scrape institutional business together via govt handouts. They make a market in penny stocks to seem legitimate but my sense is they can't be making money on this business. I'm guessing they got completely run over making an "orderly" market in mdin during its run. They had to be selling Into all the buying because it was their responsibility as a market maker and it left them with a huge losing short position. A firm as small as them, something like that could wipe out their capital So they have done whatever they can to get the price down and exit their short, saving their thin balance sheet. I'm suspecting that's why the price has dropped so significantly when it should be rallying. They won't be able to hold it down much longer or may not need to at this point if they exited their short inventory. Bargain here .
December 10th data should be huge at ash. Company holding analyst event with two doctors on a phase one drug. Phase one analyst events are rare, why would the company host an event if the news was bad and with docs no less? Thinking this thing will be big
Awesome, knew that bid whack at close was just delaying the inevitable short squeeze. This is the best news because it is a surprise, when news is signaled weeks in advance it never turns out well no matter how positive it is.
We should do more work on this Berlin angle, seems a huge positive. Great find guys.
Shorts bid whack 1000 shares at close down 20pct to stave off the inevitable and make their p&l look ok for one more day. They gonna get run over, just a matter of time.
Every ten bagger experiences a vicious shake along the way. Going from 1c to .003 in a short amount of time certainly fits the bill. What's great though, is that the 50dma held trough out, and the fear was baseless (I.e company is too good to be true). But with this shake now out of the way, feeling really good that the next move higher not only cracks a penny but leads to a massive sustained move higher. Something to think about, yesterday high volume test of the 50dma and big price extension down can qualify as climatic, similar to clnp a week ago. All systems go
Next leg higher could start within a couple days as the 50dma testing process nears completion. Yesterday's high was the 20a, thats our next stop to hurdle and once we do, the momentum will start to kick in and we can aim higher, ie penny again...