AGM today and starting to tick up.



http://www.mediwatch.com/

hello guys

price share falling down . is it because of profit takers or the deal so much expected unlikely to be very soon ??

regards
sebastien

Profit-takers at a guess. Seems to be a regular occurence with MDW.

Thought they did very well to stay on track today/yesterday.Was expecting a bit of a fall after all last weeks excitement and still on no news with the china/HK and USA anouncements.

banjomick - Largeish buys are still coming in (slowly), it looks as though traders have moved on in a single chunk keeping the price up.

The candlestick chart suggests that something is going to blow very soon....

Don't understand funny charts with loads of lines on with A's B's & C's never mind candlesticks -lol.Now and again I spend time learning a bit,but what if's and maybe's keep cropping up.
Anyway,overgrowth i agree that something is happening whether it's good or bad not sure,but me instict(for what it's worth)says it's good.I was expecting a biggish drop this week,with no news,but it hasn't happened at all,or not yet anyway!Obviously,if it can hold this level and when/if good news is disclosed all the better.Not even sure that the mm's know what to do with this share at the moment!!Anyway one more can and bed,starting to ramble now-lol

A triple confirmation of support at 10.5p with three dragonfly dojis :-)

As the immediately preceding trend was down, this suggests a trend reversal is on the cards soon.

If there is a dip tomorrow, watch out for a hammer on Friday, this will herald a large buying spree on Monday.

Alternatively, the buying spree could start tomorrow.

We all know that MDW will rocket upwards on news from China or the US, however it'll be interesting to see if the inscrutable candlesticks are able to predict this...

Hammer to come tomorrow ?

Looks like a tree shake today given the volume going through....

Did the 'hammer' arrive? I don't fully know how to interpret candlesticks so I am awaiting to see how inscrutable they are before undertaking further research on the subject. Anyone got a link to the easy understanding of candlesticks?

Pop into your local church,i think they use quite a few and may be able to offer advice on candles and how they are made.
Still waiting for announcements and holding up well concidering.imho of course

opto - no hammer I'm afraid - this is a short body with a thin tail dropping down - all it means is that a low was reached during the day's trading but buying support was so strong the price went right back up again - these formations are said to "hammer" the price up to new highs in the next trading days.

I'm not convinced in the reliablity of using candles to make predictions like this - although I find them much easier to read than e.g. high/low bar charts etc. and they can help in establishing trigger points found using other methods.

There's some examples of major formations at:

http://www.hotcandlestick.com/candles.htm

banjomick - lol!

Thanks Overgrowth, that's a very useful site will print that page off and keep it handy.
Tried Banjomick's advice, cost me a pound for the collection and they said all they do in here is light them!

lol!

An interesting comment from the hangman on advfn:

"i spent a very long lunch today with a number of business contacts, our age group is in the 40-60 region, the conversation was obviously around our own companies and networking, as we are all linked to the healthcare market,also investments came into the conversation (old men and their money) but when a couple of our more senior men spent more time in the WC did the discussion of prostate enlargment come up (or not-a good money spinner)

one of the group (new to me) said he had put some money into a small company called mediwatch and advised us all to do the same,as he said in mid/end march big orders are expected from japan and by the end of the year china and the usa"

...now where was it the CEO was visting just recently....

optomistic,so have you seen the light now and invested in more shares???
I still think mdw is baring up very well with the lack of news and hopefully won't drop below 8.5 before it arrives.

Banjomick, got plenty for now but could well make a further purchase when the up move begins. I don't worry about missing the bottom or hitting the top, as long as there is plenty in the middle it will do for me. I am surprised that we have not been recognised by the market in general yet but I don't think it will be long. MDW's products are too valuable to medicine to go unnoticed for much longer.

I am in at 8p.Hope this can take off,it deserves to.Ethel

it should turn north at 8.5............judging by the chart

Time to get in or get out of MDW? It seems close to strong support around 6 to 7p so I will hold for the time being,

When I bought (9.75p) it looked as though 15p was clearly on the cards, very surprised how it has turned down. The Company has the products and they will hit the market. In the meantime as sutherlh1 mentions the support area is 6/7p, hope it holds or the climb back will be so much longer.

Keeping this in my portfolio, products are there, just need the deals.