MBT choose to break from the resistance

MBT chooses to break from the downward channel with a good volume. Previous resistance lines becomes our support line which are the slope and the 23.6% Fibonacci Retracement level. Some brokers releases the stock dividend after the market so in case we will experience selling pressure tomorrow, those will be our support lines. If support will hold then our next target will be the bears at 86 then 90. As of now we don’t have a bad candlestick formation.


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