MPIX Daily Chart......... Another Day of Consolida

MPIX Daily Chart......... Another Day of Consolidation

Hi GreenFever. Yes, another day of churning and consolidation above the intraday and closing support levels. Let's see if the FullSto begins to level out. The fast MACD is still in decline but not as steeply as the last two days. The longer term MACD has leveled out and just might hold above the signal line. The RSI is already rebounding, and if you look at the previous bounces off the 50 line, we've seen very nice moves back up. The intraday lows held the horizontal supports of .0076 and .01. Next leg, which might still take another day or two, could bring us into a test of the .019/.02 levels of last week. In the meantime, I would like to see the stock regain the MA7 at .015. Today the share price closed over the MA10 at .013. I don't have the 10 up on this chart, though. The middle bollie, aka the MA20, is at .01, and we closed above that point again today despite the intraday drops. The A/D line continues to hold and move higher after most of the selling has been absorbed. Once again, for those drooling over a Golden Cross, that will happen tomorrow or Friday morning. As I said yesterday, I don't use the Golden Cross much on penny stocks, but it is a lot better than a golden shower. GLTA