Medient Studios Inc. (fka MDNT)

[Dr PennyStock]

Doc, I am sorry, but, MDNT is not forming any Cup and Handle Pattern, it has made something similar to that pattern on the daily chart, since the middle of February until the middle of March, but, right now what you see on the weekly chart is not a Cup and Handle Pattern, because the Cup part needs to be more prolonged in time, and, more round, and, what we see is almost a V, the 3 candles that made the run to .034 are like a vertical wall, not like a cup.

Daily chart: http://stockcharts.com/h-sc/ui?s=MDNT&p=D&b=5&g=0&id=p29210333813

Weekly chart: http://stockcharts.com/h-sc/ui?s=MDNT&p=W&b=5&g=0&id=p03056407725

Cup and Handle definition: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont