Posted On: 11/08/2013 2:18:04 AM
Post# of 5570
MPIX Weekly Chart ~ The Larger Picture
For those that subscribe to the gap theory for candle bodies and not just the wicks and tails, the Weekly chart shows a filling of the gap at .005 going back to November 2012. Since that gap, almost one year ago now, the .005 level has proven to be major support for the stock. Most of 2013 has been spent repairing the wrongs of the past. As management now transitions from administrative issues to the business execution phase, the stock should begin responding very positively to any material events. This week's hammer to date is signally that the pullback/consolidation just might be over, and a potential test and breakout over .0185/.02 might finally be seen. GLTA
For those that subscribe to the gap theory for candle bodies and not just the wicks and tails, the Weekly chart shows a filling of the gap at .005 going back to November 2012. Since that gap, almost one year ago now, the .005 level has proven to be major support for the stock. Most of 2013 has been spent repairing the wrongs of the past. As management now transitions from administrative issues to the business execution phase, the stock should begin responding very positively to any material events. This week's hammer to date is signally that the pullback/consolidation just might be over, and a potential test and breakout over .0185/.02 might finally be seen. GLTA
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