MPI touching lower slope

Two consecutive large red candlesticks brough MPI the lower end of the channel where MPI’s price is trending. See how the price react every time it touches the lower slope as well as the upper slope? Does this mean that MPI will bounce soon? Your guess is as good as mine. We may get some shares just to test the water. If the lower slope will not hold, we might see MPI touch the 52-week low

Caveat!

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