germac

well-formed pennant

NASDAQ:MDWD   MEDIWOUND LTD
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You can see that MDWD has moved up on higher volume recently from what appears to be the end of its down trend, and it is now in a clear pennant/ascending triangle. I did a search for "analyst opinion" on MediWound and it seems that the consensus is that it's a "strong buy". I don't understand why those experts say such things when the company is losing money, but it's losing less money and I have to figure that the pros understand these things better than me... nevertheless I'm still cautious. If there's going to be another move up then the triangle suggests it should be coming soon, and if it comes on another surge of volume I'll take a chance :-)
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