Posted On: 11/18/2013 8:37:33 PM
Post# of 5570
MPIX Daily Chart ~ The Reversal Continues Upwards
Here's a quick look at today's action. The first run at the MA100 and 200, resulted in a close just above the 100 but a failure to hold the 200. Typically the first attempt, after months of trading under the MA200, usually doesn't succeed. It's the second or the third assault when the share price recaptures the 200. Look back at the first time MPIX moved above the 200 back in November 2012, and you'll see the second group of moves accomplished that event. Currently, the MACDs continue to show good divergence and the RSI is moving higher after last week's test of the 50 line. Slow and steady would be preferable to the huge one or two day spikes that we've seen in the past. GLTA
Here's a quick look at today's action. The first run at the MA100 and 200, resulted in a close just above the 100 but a failure to hold the 200. Typically the first attempt, after months of trading under the MA200, usually doesn't succeed. It's the second or the third assault when the share price recaptures the 200. Look back at the first time MPIX moved above the 200 back in November 2012, and you'll see the second group of moves accomplished that event. Currently, the MACDs continue to show good divergence and the RSI is moving higher after last week's test of the 50 line. Slow and steady would be preferable to the huge one or two day spikes that we've seen in the past. GLTA
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