It looks like MBSF may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line MBSF is near a strong resistance line. These areas typically mark where sellers have previously been at or buyers don't think the asset is worth more than this price.
A strong resistance line like this one might be good time to short sell or take profits. The company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say. It looks like MBSF may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line MBSF is near a strong horizontal support line. Buyers have previously thought that this was a good deal and bought at this price, shorts covered and sellers didn't enter the market.
Prices typically have a higher probability of bouncing off this level and moving back upward. The company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.
If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. We aren't seeing very clear support levels down beneath this point, so it might have room to gap down lower if price is rejected from here.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
