MPIX Daily Chart ~ She Looks Primed for a Big Move
Post# of 5570
Posted On: 08/06/2013 7:32:27 PM
MPIX Daily Chart ~ She Looks Primed for a Big Move Now
Not much to add what most already don't already know. The stock had a great move on Friday. Yesterday saw approx 6 mil dumped from the flippers in the .0144-.0155 range. Those traders have not been able to reload at lower prices. Today we saw more of the same. Profit takers, maybe a short or two, while those shares are also absorbed by strong hands as they have been for months. How do I know? Because I know who bought them, lol. As to the chart, everything is looking good, especially the divergence of the MACDs as they climb higher. The RSI still only at 64, so lot's of room to move. The FullSto, although appearing overbought already, all one needs to do is to go back to late Apr/early May to see the continued move for a few days after it first hit its 80 line, we'll over 100%. I'm hoping for a continuation upwards to the old high of .0885-.10 levels over the next four weeks. My opinion is that this move, once we break over .02, isn't going to fail after one day or two days as we saw in Dec at .019/.02 and in May at .019. Many more shares have been accumulated by the long term believers of T.E.A.M. management. Once again, check the AD Line and the daily volume, and ask yourself if this stock trades like a stock with 1.35 billion in the OS. Not many shares coming out of the woodwork other than those trading for quick flips. While the horizontal resistance, what little there may be of it at .019/.02 is probably what traders are looking at, also note the declining tops line which is sitting at just under today's close of .0174. Three intraday moves above it and two closes on it. Almost makes one believe that the real resistance is really hear in the mid .017s to .0184. We'll see what happens with our first close at .0191. Again, that one trade at .02 in Dec was only 30,000 shares. All most are waiting on now is the Attorney Disclosure Letter, the yield sign coming off within 24 hours of the letter, the OS reduction, and a strong Shareholder Update or PR. Those announcements will bring in a lot of larger investors. Patience is definitely paying off for those that have followed along from as low as .0008. GLTA
Not much to add what most already don't already know. The stock had a great move on Friday. Yesterday saw approx 6 mil dumped from the flippers in the .0144-.0155 range. Those traders have not been able to reload at lower prices. Today we saw more of the same. Profit takers, maybe a short or two, while those shares are also absorbed by strong hands as they have been for months. How do I know? Because I know who bought them, lol. As to the chart, everything is looking good, especially the divergence of the MACDs as they climb higher. The RSI still only at 64, so lot's of room to move. The FullSto, although appearing overbought already, all one needs to do is to go back to late Apr/early May to see the continued move for a few days after it first hit its 80 line, we'll over 100%. I'm hoping for a continuation upwards to the old high of .0885-.10 levels over the next four weeks. My opinion is that this move, once we break over .02, isn't going to fail after one day or two days as we saw in Dec at .019/.02 and in May at .019. Many more shares have been accumulated by the long term believers of T.E.A.M. management. Once again, check the AD Line and the daily volume, and ask yourself if this stock trades like a stock with 1.35 billion in the OS. Not many shares coming out of the woodwork other than those trading for quick flips. While the horizontal resistance, what little there may be of it at .019/.02 is probably what traders are looking at, also note the declining tops line which is sitting at just under today's close of .0174. Three intraday moves above it and two closes on it. Almost makes one believe that the real resistance is really hear in the mid .017s to .0184. We'll see what happens with our first close at .0191. Again, that one trade at .02 in Dec was only 30,000 shares. All most are waiting on now is the Attorney Disclosure Letter, the yield sign coming off within 24 hours of the letter, the OS reduction, and a strong Shareholder Update or PR. Those announcements will bring in a lot of larger investors. Patience is definitely paying off for those that have followed along from as low as .0008. GLTA
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