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Friday, June 28, 2013 12:47:02 PM
I, personally love the way the chart is setting up here, especially today, on a Friday, the volume is next to nothing, and the stock has straddled the 50 day moving average all week.
It's setting up for an explosive July move in my opinion once it gets gassed up... it's going to knock one out of the park!
Imagine the potential here of what's going to happen once/if this stock starts getting volume like it had earlier this year of 30, 40, or over 50 million in daily shares traded!?
The volume hasn't been this dead since August 2012, which is when the stock was basing in the .001s... yes .001s! Now with it basing in the .03s (or .04), take your pick, what could it run to under the correct market conditions and press?
We already know the shareholder base here is tight, and that is based on the price action straddling the 50 day MA all week long on next to nothing volume. The market makers here can't shake any volume, the job of the MMs is to straddle the stock in the spot that is going to generate the most volume. And right now, this level is generating nothing. That means a move is imminent!
http://stockcharts.com/h-sc/ui?s=MWIP&p=D&yr=0&mn=6&dy=0&id=p31467941022
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