Caveat emptor. Buyers beware. Read our caveat and disclaimers here.
PSE:MPI remains one of our all time favorites (PD: Very long on MPI, since 2014). Anyway, the last few days, the stock seems to be losing its momentum and may retest its resistance-turned support (5.50) soon. Series of indecisive candles plus waning volume. Stochastics also pointing down.
If Juan is long on MPI though, a longer time frame shows that the uptrend since June last year is still pretty much intact. Though it’s now approaching the higher end of its channel.