Is MPI going to bounce at this time?

MPI’s support looks strong as it protect the price from moving further down. The threat from the Kijun Sen which recently has been moving horizontally at 4.43 is gone as the line bend upwards today. Are we going to see MPI to go up and hit the upper slope?

All Ichimoku elements are still in bullish setup like Chikou Span hovering over the price and Tenkan Sen hovering above the Kijun Sen.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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