MPIX Daily Chart............Still holding up very well
Although no guarantees, it's my opinion that MPIX is just about ready to break sharply to the upside. The longer term MACD is about as tight as it can get. The histogram has been steadily approving since the selloff in December, and it just might cross into the green for the first time in approx two months. The shorter term MACD has already crossed into a buy signal although just slightly. The FullSto continues to range just under the 40-50 level. A move above 50 will signal confirmation of a leg up. The moving averages from the MA7, 10, 16 and 20 are now also very tight from .006 to .007. The stock price is also holding above the MA100 and 200. The MA50 is hanging out at approx .009 along with the upper bollie. An important note, for those that aren't noticing something of interest, is that the stock price and not closed below .0059 since very early December (yellow). Over the last nine days there have only been two red days and seven green days. As most investors and traders know, when the selling pressure of over, things begin to turn green prior to the next move up.
It is clear that the new management is moving forward quickly with a number of strong moves to include the recent reduction of 400 mil share from the OS with the help of some shareholders. Again, imo, this offers the flexibility of a much improved capital structure in having 500 mil shares available for strategic executions for reasons that I mentioned previously. Most OTC companies would have either raised the AS dramatically to accommodate an additional 500 mil shares. Others would have destroyed the existing shareholders with a RS to severely reduce their ownership while selling shares into the marketplace after the reverse split. Those of you that don't see what this new management team's direction is, along with major concern for existing shareholders, are probably missing the big picture that is being drawn since 12-21-2012. I fully expect filings to be released in time by Feb 15. That would probably surprise a few who are still living in the past and not looking forward. I would hope that management will also begin announcing a number of the many projects for 2013 that they been working on.
Once again, no guarantees, but my best guess is that MPIX will shortly move sharply to the upside after two months of a one day sharp decline on Dec 18 and weeks of consolidation primarily in the high .005s to .007s. GLTA
