MPIX Daily Chart....... Which Direction Will She G

MPIX Daily Chart....... Which Direction Will She Go?

I wished I could answer that question. Just about one month since the large intraday dive from .02 to .0075. Since that day, I don't believe the stock closed below .008. The intraday dips into the .006s and .007s are being gradually accumulated. The A/D line is slowly rising throughout the month long churning. The consolidation has seen the FullSto reset near its 20 line which is alway representative of a short term bottom. The faster MACD has crossed over just under two weeks ago although not enough separation. The fast MACD has clearly halted its decline and is moving sideways. As to the moving averages, the share price definitely needs to get up and over them. Last week, I mentioned that I would like to see the share price get over .011 as that's where the MA20 was parked. It's now fallen into the .009s. So we now have the MA7, 10, 16, 20 and 50 all within .001 from .008 to .009. Also of note is how the RSI has continue to hold just below the 50 line. Looking at the previous breaks above 50, that has always been accompanied by a nice move up. A close of .0095 would be nice. A close above .01, on volume, would be huge imo. I've been asked about the bollies that are pinching. It's not going to telegraph a move, other than a break one way or the other is going to happen. I'm still heavily favoring a move to the upside which will carry the share price past the .019/.02 high of December. GLTA