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Sunday, 21 April 2013

MPIX .0074 Breakout Watch

MPIX is looking good for breakout here soon, we have been watching this one since mid Feb. when price came back down to the 200ma.
 
Friday saw news of the DTC chill being lifted and with that came some very nice volume and a push in price to test the breakout area of  .008!
 
The weekly chart shows a double bottom May 2012 to Oct. 2012 at .0007, price then hit a high of .02 in Dec. and has since settled on the 50wma and the 200dma. Very good and somewhat long consolidation makes for a potential explosion on breakout.
 
Keep this one close on Monday and rest of the week, IMO. As it gains the eyes of new investors here ;-)
 
Happy Trading!!!
 
 
Daily
 

 
Weekly
 



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