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Friday, June 13, 2014 11:02:15 AM
MDNT annotated daily chart including supports and resistances.
Analysis: Several indicators are giving positive signals, and, are at the bottom, it means they have all much room to run, so I call a run to .0070 - .0121 until the end of this month. Shares issued to the debt holders are still hitting the float, so the stock can still not run freely, we don't know when the dilution will end, but, so far it is not so aggressive, and it's allowing the stock to make higher lows and higher highs, this is a signal that the end of the dilution may be only a few days away.
The RSI is only beginning to turn up, still far from the MOMO zone(50 - 70), so the fun just began. The top of the RSI is 90, until there, the stock has room for a run to .007 - .0121.
The MACD is near 0, this is the right point, this is where all the big runs begin, at or near 0, it is ready to run.
Finally the ADX, you know that I give much importance to the +DI and -DI movements, well, the +DI is very near the -DI, and, the crossover can happen at any moment, generating a strong buy signal.
Remember, my first price targets at .19 - .35 are still possible, now that Mr Charles Koppelman took the control of the company.
Daily chart
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
03-19-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99109263
03-20-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99183741
03-24-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99379709
04-08-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100262871
05-15-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102023637
06-03-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102815022
Analysis: Several indicators are giving positive signals, and, are at the bottom, it means they have all much room to run, so I call a run to .0070 - .0121 until the end of this month. Shares issued to the debt holders are still hitting the float, so the stock can still not run freely, we don't know when the dilution will end, but, so far it is not so aggressive, and it's allowing the stock to make higher lows and higher highs, this is a signal that the end of the dilution may be only a few days away.
The RSI is only beginning to turn up, still far from the MOMO zone(50 - 70), so the fun just began. The top of the RSI is 90, until there, the stock has room for a run to .007 - .0121.
The MACD is near 0, this is the right point, this is where all the big runs begin, at or near 0, it is ready to run.
Finally the ADX, you know that I give much importance to the +DI and -DI movements, well, the +DI is very near the -DI, and, the crossover can happen at any moment, generating a strong buy signal.
Remember, my first price targets at .19 - .35 are still possible, now that Mr Charles Koppelman took the control of the company.
Daily chart
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
03-19-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99109263
03-20-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99183741
03-24-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99379709
04-08-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100262871
05-15-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102023637
06-03-2014 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102815022
Cheers
Dr Pennystock
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