Disclaimer: This is my personal stock chart diary and doesn't suggest any trading tips. Due diligence is a must.

My personal trading mantra: Keep It Simple Stupid

Monday, March 6, 2017

Metropolitan Bank and Trust Company #MBT (Updated 5/10/2017)

MBT Monthly Chart

  • Today is the ex-div so expect some price adjustment.
  • Price is currently moving in range channel.

MBT Daily Chart

  • Price must sustain to move above the 50MA and must continue to stay in the uptrending channel.
  • Observe support levels at 78.50-76.30
  • COL Rating is buy
MBT Daily Chart

  • Moving in range.  Should we expect a breakout from 83?
As of 5/9/2017
  • After hitting the minimum target, it is now forming double top on resistance zone, expect some pullback.  Wait for new support area.

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