MPIX Daily Chart ~ Looking Like a Multi Month Breakout to the Upside
As I mentioned Friday, early morning, I thought the technicals on the chart was showing that MPIX was just about ready for a move back up. The .005 level held throughout Sept, Oct and early Nov with the exception of one day last week. The FullSto, MACDs, RSI over 50, MA7 about to crossover the MA16 and 20, and maybe in another 3-5 days, the MA7 will cross the MA50. The share price recaptured the MA7, 10, 16 and 20 with Friday's move up of 26.23%. The stock is now up against the upper bollie with the MA100 and 200 sitting at .0099. A break above .01 should easily bring into play a test of the old highs, .0185-.02. The accumulation has been strong as can be seen with the A/D line.
The move up in share price didn't surprise me, but the news did. That news was a great compliment to Victor Siegel and Saul Federman to all that they are doing. Again, unfortunate that it took an extra 6-7 months to repair the past and ready MPIX for the future. After re-reading the release, it seem that this is a part of the overall suite of technological services that MPIX will be providing to companies, entertainers and events. As far as I can see, no one will be doing what MPIX is doing in providing a bundle solution. This is super exciting. Through all the ups and downs, a lot of friends, family, and I haven't sold one share. It hasn't been easy watching other stocks run while MPIX traded for many months between the .005s and high .01s. Hindsight is great, and maybe I should have swing traded a few, but more long term gain holding periods are now being seen for many as each day passes since some of our entries in mid 2012 in the .003s to the lows of .0008 back in October 2012. Those that averaged up or entered in the .01s will do very well as T.E.A.M. transitions into the business execution mode. As one can clearly see, management has continued to work on their business model despite spending more than a half a year getting admin and the foundation ready. Good luck to all that are holding or just entering. Whether you flip for nice gains or hold for the long term, I do believe Victor and Saul will deliver a global entertainment monster for us.
As I mentioned Friday, early morning, I thought the technicals on the chart was showing that MPIX was just about ready for a move back up. The .005 level held throughout Sept, Oct and early Nov with the exception of one day last week. The FullSto, MACDs, RSI over 50, MA7 about to crossover the MA16 and 20, and maybe in another 3-5 days, the MA7 will cross the MA50. The share price recaptured the MA7, 10, 16 and 20 with Friday's move up of 26.23%. The stock is now up against the upper bollie with the MA100 and 200 sitting at .0099. A break above .01 should easily bring into play a test of the old highs, .0185-.02. The accumulation has been strong as can be seen with the A/D line.
The move up in share price didn't surprise me, but the news did. That news was a great compliment to Victor Siegel and Saul Federman to all that they are doing. Again, unfortunate that it took an extra 6-7 months to repair the past and ready MPIX for the future. After re-reading the release, it seem that this is a part of the overall suite of technological services that MPIX will be providing to companies, entertainers and events. As far as I can see, no one will be doing what MPIX is doing in providing a bundle solution. This is super exciting. Through all the ups and downs, a lot of friends, family, and I haven't sold one share. It hasn't been easy watching other stocks run while MPIX traded for many months between the .005s and high .01s. Hindsight is great, and maybe I should have swing traded a few, but more long term gain holding periods are now being seen for many as each day passes since some of our entries in mid 2012 in the .003s to the lows of .0008 back in October 2012. Those that averaged up or entered in the .01s will do very well as T.E.A.M. transitions into the business execution mode. As one can clearly see, management has continued to work on their business model despite spending more than a half a year getting admin and the foundation ready. Good luck to all that are holding or just entering. Whether you flip for nice gains or hold for the long term, I do believe Victor and Saul will deliver a global entertainment monster for us.
