I would expect that falls a little more before finding support at around 17.5 c which is the low from mid december but more importantly the 50% retracement of the move up. Improtant to note MBE has not closed below the 50% retracement on the weekly chart which is a very bullish sign. Look for a bounce off this level and confirmation of the trend line by another peak hitting it and then 2 weekly closes above will have me entering with a tight stop loss. b
MBE Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Not Held