MPI: Bulls not giving up yet

MPI wasn’t spared by the bears last Thursday but it seems the bulls are not giving up. Last Friday it went up by almost 3%. Although it is short in breaking the 61.8% Fibonacci Retracement level, bulls are not giving up. The 20-day SMA line refuses to cross the 200-day SMA line. Will MPI close fill the gap soon?

Currently at the resistance level, support around 4.50

Caveat!

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