Thursday, July 29, 2010

Trading Journal: MBT (July 28, 2010)

Figure 1: MBT Price Chart

Remarks:
I was able to buy MBT on the day it made a higher high candlestick pattern at the price of P59. I bought this stock due to the fact that it was already oversold lately and it was very near the support line. Aside from that, historically the previous 50 MA line acted as a very good location to buy MBT.

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