Posted On: 11/24/2013 6:42:57 PM
Post# of 2561
MPIX Daily Chart ~ A Great Move Up from the .005s of Early November
Last week saw MPIX move as high as .011 and closing the week out at .0099. As I mentioned over the last few weeks, I felt that the support level for the stock was .005. In hindsight, that was the call. I also mentioned that the recapturing of the shorter term moving averages would need to be seen in order to place the stock into a technical uptrend. The MA7, 10,16, 20 and 50 were taken back the previous week. This last week saw the MA100 and 200 as resistance. Late in the day Friday, the stock moved up on less than $2500 from .0072 to .0099 or approx 290k shares. MPIX closed over the MA100 and just below the MA200. As in the past, MPIX is not a chart play for most of us, but I do use them to better time entries for myself and friends who are still adding to positions. In case no one noticed, MPIX's close of .0099 was its highest close since mid August. GLTA
Last week saw MPIX move as high as .011 and closing the week out at .0099. As I mentioned over the last few weeks, I felt that the support level for the stock was .005. In hindsight, that was the call. I also mentioned that the recapturing of the shorter term moving averages would need to be seen in order to place the stock into a technical uptrend. The MA7, 10,16, 20 and 50 were taken back the previous week. This last week saw the MA100 and 200 as resistance. Late in the day Friday, the stock moved up on less than $2500 from .0072 to .0099 or approx 290k shares. MPIX closed over the MA100 and just below the MA200. As in the past, MPIX is not a chart play for most of us, but I do use them to better time entries for myself and friends who are still adding to positions. In case no one noticed, MPIX's close of .0099 was its highest close since mid August. GLTA
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