MPIX 18 Month Daily Chart........ A Longer Term Vi

MPIX 18 Month Daily Chart........ A Longer Term View for Those With a Vision

Ok, at the risk of boring a few with continued discussion of the "W Formation", here we go. As I've mentioned since mid October when the stock was moving above .0012 after a low of .0008, the stock would need to eventually break above the center portion of the 'W' which was at .0076. The first attempt to breakout occurred after breaking thru the .0076 to a high of .001. The stock sold off but held the MA50 near .004. After a few days of consolidation, the stock began to move up again. The .001 now became the next level of resistance that the stock would have to surpass. That occurred on Tuesday's close and the morning of Wednesday. This breakout has now lead to an 89% gain since the .001 was taken out. Wow! Check out that A/D line at the bottom of the chart. There's been some serious accumulation going on since June through the entire correction of August into October. Finally, I see very little resistance now that we are clearly up and over that "W Formation". Next resistance should be the two, horizontal, red line at .056 and .0885. Oh, you'll like the next chart too! GLTA

MPIX 18 Month Daily Chart