Post by
drbob512 on Jul 22, 2020 7:15pm
MTBC consolidating
recent gains more than bulls wanted to see, as they have given up control of the uptrend which is now a neutral equilibrium pattern on daily chart, i.e. rangebound, as there was not continuation of the rally past few days. Support @ 10.00 needs to hold or else bears may take control. Disappointing action for the bulls but not all is lost as neutral can become positive and bears have not taken full control. Next 2 days seem impirtant for ST trend which had been negative.