MBT(Chart: Daily Resistance: 60 Support: 56.50)
MBT was able to successfully break the ascending triangle on the first day of trading last week. Price target for MBT is P60. Expect profit taking at 59-60 level. Recommendation: Sell near 60.
BPC(Chart: Daily Resistance: 3.05 Support: 2.50)
BPC brokedown from either an upward channel or a rising wedge. MACD looks like it is going to cross below the signal line. As of current, support is at 2.50, but price may still continue to 2.40. Recommendation: Wait and observe, this stock possible for range trading. Buy at or near 2.50
TBGI (Chart: Daily Resistance: 3 Support: 2.34)TBGI is a candidate for range trading. Based on the last 4 trading days last week, the volume greatly diminished which might indicate that the selling pressure has fizzled out. Recommendation: Buy near support and sell near the 3 level. If the price still continues to move downward, cutloss at 2.30
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