Short Term Trading Week Starting: 4th Jan, page-68

STTCOMP MBE, TA Long

Daily shows support around 38c with a couple of tests at that level on relatively low volume. Trend evident from mid Oct flattening out during Dec. Still above SMA(50) and closed right on SAM(20). 4hr MFI and Stochastic both just turning up from 20 level.

Weekly appears to be a pennant or at least a triangle forming on reducing volume. Upside Pennant break gives target of 53c - triangle around 48c which will just cover the 25% I hope