MPIX Daily Chart............ Get Ready for The Nex
Post# of 5570
MPIX Daily Chart............ Get Ready for The Next Leg
On a very short term view, here's yet another chart pattern which might be new to a few. As a couple of you here have noted, it appears that we might have an imminent move in one direction or another. I'm banking on the upside with a break above the curved declining tops line. As I mentioned yesterday, the FullSto was crossing to the upside, and that crossed occurred today. The faster MACD is also ready to cross to a buy signal whereas the slower MACD has a bit to go yet. I would still like to see a quick move to .011 with a couple above that price. That would place the stock above the MA7, 10, 16 and the all important MA20.
All we need is news, and it would be an very quick move to those .056 and .0885 targets I've been talking about. Should we get there, then we'll begin talking about measured movement to much higher levels. GLTA
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