Feb 5, 2013 - MBT, Stock Analysis    9 Comments

MBT about to explode from Ascending Triangle?

MBT having a hard time breaking the resistance line and is currently forming an Ascending Triangle. Will it break the resistance any time soon? Looks like the price movement inside the triangle is already being squeezed and about to explode.

The Ascending Triangle is a bullish formation that usually forms during an uptrend as a continuation pattern.

Caveat!

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