MPI on high lows

MPI showed some bullishness on the last two days of trading last week. Creating a higher low on our chart, MPI may test the strong resistance (horizontal line) soon but first it should break the two SMA lines. Our weekly chart is showing a Hammer candlestick on the support line which is a good indicator. I think we can still get some shares at 5.0 early next week.

Caveat!

One Response to MPI on high lows

  1. […] which is a good indicator. I think we can still get some shares at 5.0 early next week. Caveat! MPI on high lows Reply With […]

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