Stock: MBT
Company: Metropolitan Bank and Trust Company
Support: 42.60
Resistance: 44.00 / 45.00

During the first week of April, MBT formed a death cross. Yesterday’s breakdown could be the fruition of this cross, and the stock’s performance later will be the confirmation candle.

How MBT fares today will determine whether or not it will form a new range with a slightly lower base or continue breaking down.

Closely monitor the 42.60 support, as this will be the make-or-break level.

Recommendation

Buy when support holds.

LEAVE A REPLY

Please enter your comment!
Please enter your name here