MBT has awaken. Start of a new rally?

MBT has awaken from its deep sleep. Today it went up by 2.8% almost touching the 61.8% Fibonacci Retracement level we have set few weeks ago. The marubozu candlestick today suggests a fresh start for the stock. It may continue to move up and close the gap at 84.4 – 85.5 before heading to the next resistance which is the 87.88 per share. More to come?

Ichimoku elements are all in green lights with green extended Kumo

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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