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

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