MPIX Daily Chart ~ Finally Back Above the Declinin
Post# of 5570
Posted On: 12/18/2013 12:15:56 AM
MPIX Daily Chart ~ Finally Back Above the Declining Tops Line
Today's close above the declining tops line is a good start but not a confirmation of the next leg up yet. the last time MPIX broke up and over a declining tops line, the stock ran about 100%. I'd like to see the stock rise on strong volume and close above the MA200 which is sitting at .0101. What did occur, so far this week, was that the share price recaptured the MA7, 10, 16, 20, 50 and 100. Not a bad start to the week which has led us to the WallSt Conference being held this Thursday in Florida. The RSI has moved nicely above its 50 line. The FullSto and MACDs have already crossed to the positive. And the accumulation has taken another pop higher after more sellers have been taken out as they have slammed the bids. News would be very welcome now as a catalyst to move the share price into the .01s. GLTA
Today's close above the declining tops line is a good start but not a confirmation of the next leg up yet. the last time MPIX broke up and over a declining tops line, the stock ran about 100%. I'd like to see the stock rise on strong volume and close above the MA200 which is sitting at .0101. What did occur, so far this week, was that the share price recaptured the MA7, 10, 16, 20, 50 and 100. Not a bad start to the week which has led us to the WallSt Conference being held this Thursday in Florida. The RSI has moved nicely above its 50 line. The FullSto and MACDs have already crossed to the positive. And the accumulation has taken another pop higher after more sellers have been taken out as they have slammed the bids. News would be very welcome now as a catalyst to move the share price into the .01s. GLTA
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