MBT showing some power

MBT managed to slim down its losses after it hit 102.50 then bounced to 105.90 at the closing. The price movement creates a candlestick called a Long-legged Doji. This candlestick tells us that while we are in a downtend (at least within the rectangle), we can now see some bullish sentiment among traders. The decline was stopped and if this will continue tomorrow, reversal will continue and may hit the upper end of the range.

Caveat!

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