Charting

Thought I'd throw up a quick chart for you guys since nothing much seems to be happening these days. Have a very obvious descending triangle here, with great support @ 4.0 and heavy resistance in the 4.5-4.6 region. These are continuation patterns and suggest that the trend will be downwards

(read more here: http://stockcharts.com/school/doku....art_patterns:descending_triangle_continuation).

There is positive news in the pipeline, however, and I am wathcing to see what effect the AusCann IPO has on the stock. MGC needs to get their butts into gear on finalising the PANAX acquisition and filing their MC license with the relevant Australian authorities.