MPI continues to trade within the PRZ (Potential Reversal Zone) of a Bullish Bat harmonic pattern. A test of 5.92 level or the full range of the PRZ area followed by a reversal pattern would be a good entry signal.
*The PRZ area is also significant as it falls near the 10-month uptrend line of MPI.
For detailed analysis and potential trading plan, please see previous post:
https://psetrends.blogspot.com/2017/03/mpi-on-another-bullish-harmonic-pattern.html
MPI Consensus
Rating: Buy
Target Price Forecast:
- TP High = 8.50
- TP Med = 7.90
- TP Low = 6.55
- Avg TP = 7.79
Updated Chart
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