MPJ 0.00% 0.0¢ mining projects group limited

MPJ Weekly Chart

  1. 6,900 Posts.
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    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!!

    MPJ - Weekly.jpg

    Cheers
 
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