MPIX Daily Chart............... Stinks, unfortunat
Post# of 5570
MPIX Daily Chart............... Stinks, unfortunately!
The technical indicators are rarely wrong, and even though I thought the closing prices of .0098/.001 would hold, obviously today negates that thought. The rising channel has been broken today, so now we have to look for other 'help'. So far the stock bounced off an intraday low of .007 which is the level of the MA50. As I mentioned a few days ago, the FullSto and MACDs are in sell signals. Imo, it's too late to sell here but the stock could go lower, no doubt. But my own personal thoughts are that the partnership between ZZYX and MPIX will play out to be a tremendous asset over time. So those waiting for a technical entry will probably wait for the chart to show that a bottom has been put in. Others, like my friends and I, continue to accumulate for what we believe will be a very large move in 2013 as the company executes. Trying to catch a falling knife is hard, but we are also looking out months. Even though the volume is fairly low when compared to the last few weeks, a lack of large buys at the ask as has been the case for weeks, has given the momentum to the sellers/bears. When the selling is over, I think the bulls will take charge with even greater movement than the .0008 to .02 that was seen from Oct into Dec. Sucks, but that's the way it is for now. GLTA