After an unsuccessful effort to break through the P4.15 resistance, the MPI index has declined. The additional resistance levels are found at P4.36 and P4.49, respectively. MPI is currently trading above the 50- and 200-day moving averages. As a result, MPI is expected to establish support in the range of P3.97 to P3.95. Chart wise, support is situated near P3.95 and P3.89.
Strategy: Buy when support holds
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