MBT continue to soar, waiting for correction

MBT continues to show it strength after we saw a bearish candlestick last Thursday at the 50% Fibonacci Retracement level. The Doji candlestick was followed by a large green candlestick which signifies that the bulls are still in charge. It may be able to reach the 38.2% Fibonacci Retracement level before correcting as RSI or Relative Strength Index is now at 76.34 Based on our 1-year chart, the highest RSI it was able to register was 83


Leave a Reply