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.

Recommendation

Buy when support holds.

LEAVE A REPLY

Please enter your comment!
Please enter your name here