Medinah Minerals (MDMN)

[Ex Blockman]

So far MDMN stock is doing exactly what the chart and technicals suggested previously. A rapid rise to outside the upper bollie and slamming into the MA200 a couple of weeks ago, along with the indicators getting into overbought levels. Since then, I mentioned that a break of the .02 on the downside would put into play a test of the MA50, near .016. The stock is now on the MA50. Now we'll see if a short term bottom will begin to form. If not and a break of .016 happens, a decline to the .014 level will probably occur. Please note that the FullSto and MACDs have all crossed to the negative. Those that waited for all to confirm a sell signal are a bit late in selling. The sell was at the targets of the MA200 and when the indicators were screaming 'Sell, Sell, Sell'. People, learn your technicals and get them to work in assisting you to well executed, calculated entries and exits.