Wednesday, March 2, 2016

MPI: At the resistance zone

Metro Pacific Investments Corporation

MPI is now at the resistance area (6.1 ~ 6.3) and also kissed the resistance line of its uptrend price channel.

*RSI at overbought.
*Potential bearish pattern developing on Stochastic.

Trading Plan
- Take some profit (sell) at resistance area or scale down position (like selling half and profit run the rest of the position with trailing stop.


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