MPI (Metro Pacific Investment Corporation)

[betheone]

Hi Harley! I pegged the support line at 2.50 (from Nov. 09 to Jan. 10)for MPI and this was broken last Feb 2 when it closed at 2.28. Just wanted to ask the basis of 2.00 as the next support. Thanks!

[harley]

Hey betheone. it's a psycho support and the same support area from Nov-Dec 2008.
by the way, if you monitor the 65dma it looks like it's about to reverse but let's not preempt.

[betheone]

I see! All time low ba nya yun? I only have data from 2007 onwards eh. In my chart, I'm using 22 and 66 days MA. ga-buhok na nga lang pagitan nila hehehe RSI din nya near 30. In my simple understanding, near oversold na yun di ba?

[rmbriones2003]

I think it will bounce at 1.96... sana...

[betheone]

rm, bakit 1.96?

[betheone]

Nice 3 day move by MPI, breaking the 2.50 resistance... Where to now?

[sund3r]

Where to now?

hopefully, will break the downtrend.

[anjelicauy]

mpi.jpg (59.3 KiB) Viewed 233 times

Could MPI have formed a falling wedge? Here's the weekly chart...

[IZEE]

hi Anj hehehe

[anjelicauy]

hi Anj hehehe

Wahahaha! Hey IZ!