MBT range trading. Price move somewhere at lower end.

Last July 2 we saw a Shooting Star on MBT which signaled a retrace a it happened but instead of continuing its downward channel during that time, it chooses to move sideways with support at 61.8% Fibonacci Retracement level. From that we saw it bounce and hit the same level it hit when it created a Shooting Star and retraces again. MBT is currently at the lower end of the range, will it bounce soon? So far no signal from candlestick yet as we only see a Marubozu. This stock is worth monitoring as well for this week.

Caveat!

2 Responses to MBT range trading. Price move somewhere at lower end.

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  2. […] time we saw MBT trading the range at its at the lower end. After that it move up but very briefly and then retrace. Currently visiting the lower end once […]

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