MPIX Weekly Chart........... Oh Yeah!! Ok, her
Post# of 5570
MPIX Weekly Chart........... Oh Yeah!!
Ok, here's that declining tops line and the MA50 on the weekly chart that I'm looking at. Both of those points are sitting at approx .0128 today. It would be a very good thing to see a close of .013 with volume. Once that occurs, I really don't see much resistance up to .056. My thoughts about that are due to the low volume selloff from .056 back in January. The continual drop on very low volume would suggest very little resistance back up until we get to that area of .056 to .0885. Also of interest is the volume and accumulation over the last five months. Someone is buying a lot of stock. We get thru .0128 with volume over the next couple of days, and it's GAME ON! for a test of the .056. We shall see shortly. GLTA