MBT broke 61.8% Fibonacci Retracement level

MBT made a rally today to close 4.62% higher than previous price. It broke the 61.8% Fibonacci Retracement level (newly found support). The Marubozu candlestick suggests that we can still have a continuation of the rally. In case there is a pull back, let’s monitor if the support will be broken. If not then we might see MBT to try breaking the resistance at 50% Fibonacci Retracement level the 4th time.

Caveat!

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