Monday, January 28, 2008

MBT

Will support hold for MBT? Closed today at 44.50 and is still within that downward channel. Need to watch out that 41 - 41.50 level which lies along the major support line. A break below this could take this issue further downward. Take note of that previous breakdown from its head and shoulder pattern. Target price around 33 level.

Seems like risk outweighs the reward at this moment.

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