Monday, June 20, 2016
chart monitor: MPI/METRO PACIFIC INVESTMENTS CORP. (20 JUNE 2016)
mpi chart as of 20 june 2016
(click on the chart to enlarge)
1. mpi closed higher at 6.67 (exactly at the resistance) ... and the highest close ever (it established its highest intraday also today at 6.69)
2. resistance: 6.67; 6.69; ...
3. the macd histogram is higher ... as i already mentioned in my previous mpi post ... "short term trend followers who have not yet bought are better off in the sidelines waiting for better opportunities ... those who have will be just be holding on to their mpi's" ... waiting for their stops to be hit ...
4. possible future stories that may affect mpi's price:
- the possible listing of mpi's hospital business in the 2nd half of 2016
- the indefinitely postponed plan to have a 50-to-1 reverse stock split
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STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!
p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose