It's showtime for MPIX

We've made it through the light volume period of the markets both in penny land and the big board, and this is the time where things should start to move again. The chart formation, the timing of the move with last years move, and the news release cycle for MPIX all point to the next couple of weeks as the beginning of the bullish move for the stock.

Just like the higher low formation from months ago, this will probably be a subtle move off of the lows that serve as a precursor for a more extended moves to the highs. In other words, I don't expect for us to just come in one day and see MPIX gap up to 3 cents. Rather, my expectation is for a bottoming formation to mark a low and then to start recapturing the moving averages and building some bullish momentum before culiminating in the rally.

Good luck this week ladies and gentlemen.