Replies to post #26437 on Medican Enterprises Inc (MDCN)

[SynthTrader]

Yeah, if allowed to trade organically, it should eventually break through after some churning here.

If you look at my 60-minute chart, I expect the price to test the little orange and purple lines (10-MA and 13-MA) before making another move at the green line (20-MA) for a break.

Notice how it hasn't been able to close above the 20-MA for a long time. If she can close strongly above that moving average, then that's going to be great going forward. The old resistance becomes the support. (again...barring the appearance of VNDM)