MPIX Daily Chart ~ A Strong Move Up From the Lows
Post# of 2559
Posted On: 11/17/2013 6:38:43 PM
MPIX Daily Chart ~ A Strong Move Up From the Lows
Link back to my previous opinions of the MPIX chart. The long term support at the .005 level held as was hoped for. This last six days saw the stock ride the MA7 from .0058 to as high as .0087 and closed the week out at .0084. A week ago, Friday, I believed the MA7 wold cross over the MA10, 16, 20 and 50. All that was accomplished since then. Next up are the MA100 and 200s at .0095 and .0099. My opinion is that those will be taken out very soon. The .0099 level is also the high for the month of October. Should that event occur on strong volume, my guess is a move to the highs of .0185/.02 won't take long since the news cycle seems to have started the previous Friday. Also of interest, the two lowest volume days for the week were both red days, allowing the flipping bidwhackers out while their shares were happily absorbed by long term holders who have continued their bidding for months at various levels. Once they sold in the high .006s and low .007s, the stock moved quickly into the .008s. During the last hour of trading on Friday, there were approx 1 million shares available from the .0084 to .01 level. Further news would be exciting as per Friday's release, MPIX is now finished with Phase One and deeply into Phase Two. GLTA
Link back to my previous opinions of the MPIX chart. The long term support at the .005 level held as was hoped for. This last six days saw the stock ride the MA7 from .0058 to as high as .0087 and closed the week out at .0084. A week ago, Friday, I believed the MA7 wold cross over the MA10, 16, 20 and 50. All that was accomplished since then. Next up are the MA100 and 200s at .0095 and .0099. My opinion is that those will be taken out very soon. The .0099 level is also the high for the month of October. Should that event occur on strong volume, my guess is a move to the highs of .0185/.02 won't take long since the news cycle seems to have started the previous Friday. Also of interest, the two lowest volume days for the week were both red days, allowing the flipping bidwhackers out while their shares were happily absorbed by long term holders who have continued their bidding for months at various levels. Once they sold in the high .006s and low .007s, the stock moved quickly into the .008s. During the last hour of trading on Friday, there were approx 1 million shares available from the .0084 to .01 level. Further news would be exciting as per Friday's release, MPIX is now finished with Phase One and deeply into Phase Two. GLTA
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