MPI - Target Intact! 06/09/2011
Short Term: 3.63
Mid Term: 3.77
Long Term: 4.4
I've been recommending Metro Pacific Investment Corporation (MPI) since April this year. Although the bull is interrupted by the dilution news, my target is still intact. Recent gap-up despite of the market sentiment could be the sign of uptrend continuation. Higher low has been formed with RSI at 52 level. This signifies high uptrend potential. The price slightly dropped after hitting the 50% Fibonacci resistance, but I'm very confident that hitting 3.63 price target will be easy.
S1 - 3.43, S2 - 3.31
R1 - 3.63, R2 - 3.77
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