Monday, January 3, 2011

Metropolitan Bank and Trust Com. (MBT)



MBT bounced from its major uptrend line invalidating the target of the reversed head and shoulder pattern when it broke down.

Best case scenario is that it retraces and finds support somewhere at 68 levels, forming a new high low to resume its uptrend.

However, it could also range trade within 68-73 in the meantime.

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