Technicals: As you can see from the chart below, the MACD has just signaled a "bullish divergence," wherein the MACD has had a "low" and a "higher low," while price has had a "high" and a "lower high." This indicates that the momentum to the downside is decelerating, and the sell-off may be over.
Fundamentals: MPI controls defensive companies such as Maynilad and NLEX tollways, which means that their cashflow will most likely remain strong even if the economy stalls.
Entry Price: 2.5-2.7
Short-term Target: 3.1
Medium/Long-term Targets: the moon :)... 3.8 then 4.4
I plan to enter this trade tomorrow. I hope I won't be too late.