MPI (Metro Pacific Investment Corporation)

[harley]

hey guys, do you think this has bottomed na? not sure if break out na ito sa double bottom. macd is moving up despite a sideways trend. rsi crossed 50. both macd/rsi has divergence na rin. i think na break na rin nya 65-day MA. possible ba na mafill yung gap? opinions?

[yeahbah]

If you measure the fib extension from Oct 2008 low to June 2009 high, you'll notice that MPI found support at exactly 127%

I'm not sure if it has hit bottom already, I'm just saying it bounced off 127% he he but that certainly looks like a double bottom so on hindsight, it bottomed at exactly 127% fib extension

[harley]

boss ano ibig sabihin or significance ng 127% bounce?

[yeahbah]

same with retracement levels. You determine potential S&R when the price go beyond 100% retracement. Mas significant kapag nagbangga ang fib retracement and extension.

[yeahbah]

ay pards harley, iba pala yung tinutukoy ko. PEP pala yung sa 127%, 88.6% pala sa MPI

[harley]

hehe kaya pala hindi ko makita kagabi. thanks!

[harley]

hmm.. nabuhay na naman kanina. matignan nga ito bukas..

[nathsy]

Hello all! What do you think of MPI now? Already bottom?

[harley]

broke down of consolidation. chart is pointing to 2.00 as the next support level.

[nathsy]

Oh thanks for the tip. Watch mode muna tayo