In Retrospect : MWC, MB, IMP

MWC

MWC continued to trade at support level of 8.90. The 65 day MA and the 130 day MA are starting to converge. There may be a possibility of the stock to move up this week, but the MA’s might prevent the price to move above 9.30. Still avoid this stock, any upward movement may just be a short bounce. If the upward movement breaks resistance at 9.50, this maybe a good sign that the impending descending triangle is invalidated.

MB

Still waiting for passengers to board the long haul flight.

IMP

Symmetrical triangle area pattern for IMP is still intact, but illiquid.