Stock: MPI
Company: Metro Pacific Investments Corp.
Support: 4.29 / 4.15
Resistance: 4.49

At 4.29, MPI is currently testing its two-week support level. There is still some leftover bullishness though from its gradual uptrend that began in late Aug.

The RSI has developed a relatively steep downward bias though. The gap between the +DI and -DI narrowed slightly too, though the ADX remains strong. The MACD crossed over bearishly yesterday with declining histograms.


Buy when support holds.


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