Shooting Star again on MBT

Candlestick created by MBT today is not a good one. After hitting 117.00 it retraces and closed in red with 0.44% decline. The Shooting Star candlestick appears again but unlike last time, its red. Although Shooting Star is not a strong reversal indicator, we need to monitor our shares closely if we have MBT. If it will not be confirmed then MBT will continue to go up. But in case it will turn bearish then be ready with your diving gears.

Caveat!

One Response to Shooting Star again on MBT

  1. […] 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 […]

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