MBT looks weak at resistance level

MBT is still trying hard to break from the Kumo but it seems the cloud is just too strong to be broken as of this time. Yesterday we have a Doji which signifies indecision on buyers and sellers but today it seems that bearish bias is strong. Our chart gives us a red candlestick. Our immediate support will be our Kijun Sen line which is around 84 while our 78.6% Fibonacci Retracement level will be our other support which is around 82.7

RSI or Relative Strength Index is at 48 which is not yet at oversold level.


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