Medinah Minerals (MDMN)

[Starman365]

Thank you for your post Arkeo! I have been in MDMN only the last few months. I was lucky enough to buy a lot of stock near the recent lows. I am a technician. I look at price and volume. Resistance and support levels.

What I see is that there is a lot of congestion around the .17-.19 area. As I have mentioned before, if, these levels are taken out with sufficient volume then it would not surprise me to see a much sharper move up. Where the stock goes if it does breakout is another question. It really depends on the quality of the news and what it means for the company going forward.

I have seen stocks like these go from .05c to 2.25 in a few days, it is very rare however if MDMN management is smart then hopefully they hired a company that promotes these types of companies when there is big news on the horizon. It could bring thousands of new shareholders to the party and help a lot of the people who are looking to get out-get out.

My guess is that we will get this news before next Wednesday so these guys can be home for July 4th. Just a guess, but, it seems there is a lot of guessing going on here already.