Will MPI hit 4.0?

MPI has been going down for many weeks now. It has broken the support for the possible double bottom and recently broken the 127.2% Fibonacci Retracement level. With greater bearish sentiment hovering MPI, this may touch 4.06 soon.

Ichimoku elements are all telling us MPI is in a downtrend. Also, notice that our chance for MPI to spike to 4.5 is now very slim since the Kijun Sen line has finally bent down after few days of moving sideways.

Caveat!

One Response to Will MPI hit 4.0?

  1. […] Ichimoku elements on both daily and weekly charts are still in red but there might be a bounce play for MPI. We are still using the same chart we posted last time at Will MPI hit 4.0? […]

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