MPIX Monthly Chart..... A Chart That I Rarely Use on Penny Stocks
I was asked to take a look and share my thoughts on the monthly. I haven't viewed one for weeks. Interesting though. Coincidence or not, the stock got very close to the .0201 of the MA16 which represents a sixteen month moving average. It's a very slow indicator, and that's why I don't use it with penny stocks. Nonetheless, it's very interesting to see where the current up leg ended, .02 yesterday. Close enough.
