from a TA perspective we had a nice white candle close with an improvement in volume when compared to the volume drop off late last week.
a descending triangle formed over the last weeks or so... and the white candle today closed above..
7dma bounced off middle BB and 50dma at close, this is good IMO..
MACD looks about to cross positive and is still trending positive
as does S stock look ready to cross.
encouraging atm so tomorrows trade will give us a much clearer perspective IMO of the direction of MPJ SP well from a TA perspective of course. It's hard to chart juniors... I'll be looking for an increase again in volume. not that i'm buying right now i have enough..lol
Anyway looks better than it was a month ago.. we need to break 1.0 and IMO will this week next wave up coming sooner than we think, wouldn't be surprised if we got an announcement tomorrow or the next day looking at the charts and candles but what would I know, just my opinion and 2 cents worth
possible patterns HP or BH
fingers crossed and good luck crew..
quick chart chart below
CS
MPJ Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
