MPIX Daily Chart ~ The Time is Near for a Full Blown Breakout
Good Afternoon/Evening/Morning MPIXers! I give the multiple greeting because we truly have investors from all over the world invested in our future global entertainment monster, MPIX.
Here is a 3 month daily chart which we can zoom in on for a detailed view of what the indicators did today on a red day. Despite the anticipated flippers. that we knew would should up because of the huge move in the last hour of Friday, the accumulation by larger investors continued today. Most of today's volume occurred in the .0144-.0155 range. I haven't tallied the share count, but approx 5.8 mil shares were sold at or below .0155. Fantastic, as those short term profit takers will more than likely not be able to reload that many shares under the current .0144/.015 level. The bid support in the low .014s to .0155 absorbed all of the selling today. Just one week ago, the stock was still trading in the .007s and .008s. So just continue absorbing and accumulating shares if you believe in the T.E.A.M. and give a shout out to those happy with their 10-50% gains while you buy their cheap shares. It's all about making money. Most of us are here for what we believe will be tremendous gains over the next few days, weeks, and months.
As to the chart, the share price held the MA50. The MA7 crossed up and over the MA16 and 20. Within a couple of days, I would expect the MA16 to also cross over the MA20. More important, to me, was the continued move higher by the FullSto and MACDs even though MPIX was down 14.3% today. Those of you that have followed along now the importance that I place on those few indicators even though that are many more that I look at. The RSI retreated from a slightly overbought level of almost 70. The stock has a lot of room to run especially when one looks at the Weekly Chart that I posted last night and the one from my friend, Hurricane_Rick. If my opinion of the technicals play out, I believe the stock will see new highs and maybe .10 by the end of August. GLTA
Good Afternoon/Evening/Morning MPIXers! I give the multiple greeting because we truly have investors from all over the world invested in our future global entertainment monster, MPIX.
Here is a 3 month daily chart which we can zoom in on for a detailed view of what the indicators did today on a red day. Despite the anticipated flippers. that we knew would should up because of the huge move in the last hour of Friday, the accumulation by larger investors continued today. Most of today's volume occurred in the .0144-.0155 range. I haven't tallied the share count, but approx 5.8 mil shares were sold at or below .0155. Fantastic, as those short term profit takers will more than likely not be able to reload that many shares under the current .0144/.015 level. The bid support in the low .014s to .0155 absorbed all of the selling today. Just one week ago, the stock was still trading in the .007s and .008s. So just continue absorbing and accumulating shares if you believe in the T.E.A.M. and give a shout out to those happy with their 10-50% gains while you buy their cheap shares. It's all about making money. Most of us are here for what we believe will be tremendous gains over the next few days, weeks, and months.
As to the chart, the share price held the MA50. The MA7 crossed up and over the MA16 and 20. Within a couple of days, I would expect the MA16 to also cross over the MA20. More important, to me, was the continued move higher by the FullSto and MACDs even though MPIX was down 14.3% today. Those of you that have followed along now the importance that I place on those few indicators even though that are many more that I look at. The RSI retreated from a slightly overbought level of almost 70. The stock has a lot of room to run especially when one looks at the Weekly Chart that I posted last night and the one from my friend, Hurricane_Rick. If my opinion of the technicals play out, I believe the stock will see new highs and maybe .10 by the end of August. GLTA
