MBT: A break or retrace?

Tomorrow is the pay date for the 30% stock dividend given by MBT. Will there be heavy selling of shares or this will be the turning point for MBT to break from the downward channel? Notice on our chart how the price react after it hit the upper slope of the channel?

In addition, if we will look at our 6-month time frame, we could also see that 23.6% Fibonacci Retracment level may hinder price from moving up.


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