Medizone Intl. (fka MZEIQ)

[smeatz]

MZEI from a technical analyst's point of view:

There's actually enough consistent volume in this stock now to produce 'reasonably accurate' chart formations (and thereby not rely in vain on the cursory 'pumps and dumps' that have been such an integral part of this stock's long and checkered history).

With this in mind, I'll stick my (easily broken) neck out and suggest that Medizone has a good chance of closing above 15 cents within 3 trading days.

Technical reasoning behind such a (probably foolish) suggestion is as follows:

Relative Strength Index (RSI) is very close to it's safety net of 50.

Moving Average Convergence Divergence (MACD) shows a classic upward breach of the "zero" line and then a typical pull-back to 'just above it'.

Slow Stochastics about to cross into "oversold" territory.

Chart formation = BUY FLAG

Now if there is any worthwhile news published over the next few days this will of course create a 'self-fulfilling prophecy' as far as the technicals are concerned.

I wait (like soooooooooooo many others) with "baited breath" to see what will unfold.

NB: I also posted this on the Raging Bull site - just in case you "long-time multi-boarders" were wondering why you've already read it.