Posted On: 08/06/2013 8:08:51 PM
Post# of 5570
MPIX Daily Chart ~ The Dreaded Horizontal Resistance of .019/.02, LOL
I was asked to post the daily referencing the horizontal resistance. Let me tell you, anyone really attempting to present the .019/.02 level a major resistance, just hasn't been around long enough nor researched how many shares actually traded there back in Dec and the one day in early May. Less than 400k total traded at .019 and only 30k at .02. So don't allow this level to become self fulfilling as those that originally purchased those shares that trade at .019 and .02 will not be selling. Trust me on that one, lol! Have a great evening. GLTA
I was asked to post the daily referencing the horizontal resistance. Let me tell you, anyone really attempting to present the .019/.02 level a major resistance, just hasn't been around long enough nor researched how many shares actually traded there back in Dec and the one day in early May. Less than 400k total traded at .019 and only 30k at .02. So don't allow this level to become self fulfilling as those that originally purchased those shares that trade at .019 and .02 will not be selling. Trust me on that one, lol! Have a great evening. GLTA
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