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Saturday, January 11, 2014 9:03:21 PM
MDNT annotated daily chart including supports and resistances.
Analysis: This is the kind of chart I like, strong down trend, near the oversold zone, volume increasing exponentially, a Bullish Divergence on MACD, and, RSI and ADX giving positive signals.
However, that intersection of the down trend line with the straight resistance line is a VERY STRONG resistance point, it will be a war when the stock touches this zone.
The volume is a clear buy signal, but, only when/if the stock breaks the down trend line, a buy signal will be generated.
Daily chart
Analysis: This is the kind of chart I like, strong down trend, near the oversold zone, volume increasing exponentially, a Bullish Divergence on MACD, and, RSI and ADX giving positive signals.
However, that intersection of the down trend line with the straight resistance line is a VERY STRONG resistance point, it will be a war when the stock touches this zone.
The volume is a clear buy signal, but, only when/if the stock breaks the down trend line, a buy signal will be generated.
Daily chart
Cheers
Dr Pennystock
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