Take 3 for MBT to break current level

MBT finally back at 79 level after falling to 69.90 per share. At this stage, monitor MBT closely since we are at resistance level. Notice that this level has been tested twice but the bulls failed. Good thing this time RSI or Related Strength Index is healthier than the last time it test to break the 79 level. Notice also that Tenkan Sen is crossing the Kijun Sen which is considered a weak bullish signal. Looks like 80 level will be achieved very soon?

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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