MPIX Weekly Chart ~ The Beast Is About to Roar!

MPIX Weekly Chart ~ The Beast Is About to Roar!

Just two weeks ago, it was hard to imagine what a few of us were talking about. MPIX was stuck in that channel between approx .005-.007.  Now that the stock moved almost 300% and has been consolidating in the approx .016-.018 range, the view of a weekly chart shows the resistance at the Dec .02 high and last week. The double top of .02 will be taken out very soon imo. Today was the beginning of the second week since the first attempt at breaking thru that level. What many of us are anticipating is the 400 mil OS reduction, the filings due on May 15 (although we won't see anything in them) and maybe some announcements of the many items that management has been working on for sometime now. When a break of .02 with volume happens, the next point of resistance is the .056 and .0885 levels. One can also make a strong case for a 'cup and handle' formation or a double bottom (W formation) with a handle. As always, just my opinion of things. Management continues to deliver, so many of us will continue to add and hold long.  GLTA