MPIX Daily Chart........ Interesting Movement on t
Post# of 5570
MPIX Daily Chart........ Interesting Movement on the Chart after another Red Day
MPIX held and closed again above the MA50. As I'm waiting for the MA16 to continue its drop closer to the current share price, and with the stock struggling to regain the MA7, I did notice a couple of small changes that is interesting to me. Although the share price was down again, it should be noteworthy that the FullSto actually moved up a little bit today. The faster MACD is still moving sideways and the A/D line actually increased a little bit today despite the bears' actions. The Upper Bollie also increased just a hair to the upside. Even though it's all just my opinion of things as I see them here, with news, my thoughts are that next week, MPIX is going to begin moving up to take out the .02 by the end of the week. A few of us had a good time adding more the .007s today as the sellers continue to pound the bids. I have no idea what Mr Mach is hinting at as to the rumors, but with any material news, I see MPIX by the end of January at .056 to .0885 based solely on the technicals and the next measured move. A review of a longer term view of things on an 18 month daily chart somewhat gives me a hint of things to come. GLTA