Posted On: 01/12/2014 9:21:37 PM
Post# of 2561
MPIX Daily Chart ~ The Chart is Set
Although MPIX has never been a chart play for me, I still watch it for clues as to the momentum shifts. We are at that point now. The FullSto and MACDs have crossed to the positive over the last two days. A huge volume day on Thursday, as a matter of fact, the highest since May. The multi month declining top in place has kept a lid on the stock since early November. Thursday and Friday saw the first moves above that line but the stock failed to close above it. All the moving averages are tightly positioned at the .0076 level other than the MA200 which is at .0102. A move and close above the 200 on volume would be very telling as to the direction that MPIX will take over the next few days and weeks ahead. GLTA
Although MPIX has never been a chart play for me, I still watch it for clues as to the momentum shifts. We are at that point now. The FullSto and MACDs have crossed to the positive over the last two days. A huge volume day on Thursday, as a matter of fact, the highest since May. The multi month declining top in place has kept a lid on the stock since early November. Thursday and Friday saw the first moves above that line but the stock failed to close above it. All the moving averages are tightly positioned at the .0076 level other than the MA200 which is at .0102. A move and close above the 200 on volume would be very telling as to the direction that MPIX will take over the next few days and weeks ahead. GLTA
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