Medinah Minerals (MDMN)

[Ex Blockman]

MDMN Daily Chart ~ Crossover #4 Just About There

Barring any real material news events, MDMN is probably heading to at lest the MA50 at .017. The minor 'support' offered by the ridiculous daily paint jobs, which is simply a waste of beer money (but his broker probably appreciates the extra commissions), isn't doing much to change the current shift of momentum from the overbought conditions of mid February to the consolidation or correct phase the stock is currently in. The yellow support line, which I mentioned last time, isn't the real support mo. The .02 is the resistance line which needs to be recaptured. So far, no go. We'll see over the next few days/weeks if the technicals begin to reset for another calculated entry. GLTA