MPJ Weekly Chart

Here is the MPJ Weekly chart with close data to Friday 22nd

Thanks Gassin for your commentary on Volumes and Break out levels.  

I have used a slightly different approach to determine the break out.

By using the previous highs to form the  descending trendline, the breakout occurs upon the breaking and confirmation.

This offers a classic trend reversal, once breaking 11 -12 there is very little resistance above. Maybe a few stale holders from years gone past, however with only small resistance this could move considerably over coming weeks/months.

Lets hope this is the start of the trend and it runs for some time!!



Cheers