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MPIX Daily Chart.......... An Excellent Day Yester

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Post# of 5570

Posted On: 03/06/2013 9:15:50 AM

Posted By: Big Tuna

MPIX Daily Chart.......... An Excellent Day Yesterday

Yesterday was a strong day for MPIX as she is beginning to move on much smaller volume. Link back to the following line regarding my post of the trading on Friday, March 1:

http://investorshangout.com/post/638929/MPIX-...nteresting

Most everything I like to see at the beginning of a new leg up is occurring. The move yesterday pretty much engulfed the entire trading of the last 26 trading days as one can see on the chart. The share price has moved above many moving averages to include the MA7, 10, 16, 20, and 100 while continuing to hold the long term MA200 since first crossing above it in early December. The FullSto already crossed to a buy late last week. The MACDs has crossed over to a minor buy signal with the shorter term MACD crossing over the zero line. What would be important next would be to see the share price recapture the MA50 which is sitting at .0076. Yesterday the stock moved up and thru the first horizontal resistance of .007. Next up is a very short term top of .0075. Both are represented with yellow lines on the chart below. A break and close above .0075 should bring into play a move to the next horizontal resistance point of .009. And the last time the RSI broke over its 50 line, the stock ran from a low of .0012 to .02.

I'm telling you MPIXers, launching from these levels versus those of last October with similar indicators is a very good thing. Should the company begin updating its shareholders with the many projects that ZZYX and MPIX have been working on, it would catapult the share price into the .03-.05 range. Once again, do your DD, use a few of the revenue equations that I've shared, and come to you own conclusion whether MPIX is a flip or a longer term hold as DROP was for many a couple of years ago as that stock ran from .0015 to $1.25 over 18 months. Either way, I wish everyone a very green investment with MPIX as is has been since the .0008s of October. The best is coming quickly now imo. GLTA