MPIX Cup and Handle Formation As a few have al

MPIX Cup and Handle Formation

As a few have also noted recently, MPIX is in a picture perfect Cup and Handle Formation. Here's a 2 Year Chart showing the formation which I've lined in yellow. The red line is serving as two resistance points representing a double top of .019/.02 and the high point of the handle. This makes a breakout of the .02 twice as strong as the stock would be tearing down two resistance points within the same surge. As others have stated, the longer this consolidation and churning, where the impatient, nervous or shorters shares are absorbed, the stronger the next leg up upon that break to new highs. Exciting days ahead, imo! GLTA