MPIX Daily Chart ~ Just Waiting for the New Manage
Post# of 5570
MPIX Daily Chart ~ Just Waiting for the New Management Team to Deliver
Thank you Simon! As to the chart and an opinion, of interest in this sideways churning is the ability of MPIX to close at .015 or higher everyday since hitting .019 almost 4.5 weeks ago. Just as the .005 - .007 trading range over months occurred previously, we are beginning to see a similar channel on the chart but it the .015 - .017 range. During this consolidation, the indicators are resetting from what was extremely overbought conditions. I have no idea when MPIX might begin the next leg up, but this almost five week long 'shakeout' phase is a good thing for those holding for much larger gains. Most of the shares being absorbed are landing in the hands of long term investors. So continue to watch the trading action, the charts, and be patient as we await the execution of the business plan of MPIX/ZZYX. GLTA