MSPC Maintains support to solidify breakout potential
Members I’m sticking to my guns as we head into tomorrow morning. Last week I said we were taking the first look at MSPC before other networks would begin to jump on heading into this week and sure enough I’ve already seen the first few reports begin to circulate. Metrospaces had a good day on Friday with highs of 11PCT and maintained its .0009 support at the close.
I said it before and I’ll say it again, the last time MSPC held price exactly at this level, it ran up to triple digit highs over the course of 3 days. More importantly, it’s not like this was that long ago either…we’re talking February of this year. Also, if you’re like me and you continue to follow companies beyond the initial report, you might agree that Metrospaces in particular has found a heavy accumulation zone in the high triple zero level between .0008-.0009 especially during the most recent week.
To me this means that it may be only a matter of time before this breaks out. Not only has MSPC maintained this support level for nearly 3 months, but Metrospaces frequently tends to run up big on days of early morning momentum. I think with this latest surge of coverage, Monday could kick thing’s off strong for the week ahead.
If you’re searching for more, take a look at the chart indicators on StockTA.com. Not only does this give you the technicals but it also breaks down each piece of the chart and gives it a rating from “Very Bearish” to “Very Bullish”. For MSPC, it’s looking very green at the moment and here’s what I mean by that:
-Candlestick analysis has been given a “Very Bullish” rating
-Breakout Trend has been given a “Very Bullish” rating
-Both MACD as well as Exponential Moving Average were also given “Very Bullish” ratings.
In my opinion, the underlying sentiment based on technicals alone shows huge breakout potential heading into tomorrow. Now throw in several additional trading networks and this may be that perfect storm I was talking about last week. If you haven’t already, pull up MSPC, check out StockTA’s technical analysis, and take a look at the most recent project updates on the company’s website. This has been a proven winner from these exact levels in the past and I think the possibilities for a repeat could be showing strong!
Thank you for reading and I’ll be back with everyone in the morning.
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