Technical Analysis MPI

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

Material in this article is obtained from sources we believe to be reliable, but its reliability or precision cannot be guaranteed. This is for the sole purpose of providing details and does not provide an offer from us to buy or sell securities mentioned in this document.

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