Ibza & MArtis are short traders who sold 33% or 75% and are holding the rest long as profit, this is wise prudent financial planning stock trading...their bible code, dont criticise them for it.
The short traders get in and out make their profit and go, but they are all coming back to MBN as it shows no signs of stopping...today a green candle formed and if it closes at 14.0 thats another higher high above all other closings so far this run, a close at 15.0/15.5 would be ANOTHER GREEN ENGULFING CANDLE over the last 2 sessions and extremely bullish.
RSI is unreliable on mine as it caps out on a constant rising stock, traders like Ichimoku use the more reliable MACDs weekly and Stochs and volume weekly...these parameters are all green right now and rising. The bar graph even is similar to the last few weeks just at lower prices.
I prefer using the candlestick graphs as they tell the intraday story and weekly patterns- right now 13/14 mexican standoff range is back in, they are having a field day with you lot. They are creating a 13.5/14.0 mexican standoff as it works a treat, resistance above support below, its a message this is where we can get a few mill shares cheap as the traders think its resistance, its not, its a manufactured play...the real resistance is at 15.5 and 17.5 and at 20.0, thats the circuit breakers imho.
However is accumulating in MBN is doing a great job and you guys are tossing coins whether to buy or sell! Martis is right, 20c is the target, i say interim target is 17-18c and then an overshoot, then the real story will come out, its fundamentally driven, BRL on way up/devaluation again after minor blip, now 3.25 again fri nights close.
This has not had a proper flush out, buyers at 12-15 didnt buy for 12c hold but for 20.0c. like buyers at 8.0-9.0 didnt buy for 7.0 but for 13.5...sound familiar, measured move in play, flush out spike/blowout move coming sooner or later. Thats why you traders still hold some. You know its coming.
