Disclaimer: The content posted in this blog is for informational purposes only and it should not be taken as an endorsement or solicitation to buy/sell the aforementioned issues. The information posted here is obtained through personal research and analysis, reserving the right to change them anytime. Investing in the money markets is accompanied by substantial risks to one's capital.
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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