Stock Picks: MBT a possible Big "W" pattern in the making

Figure 1: MBT Price Chart

 

As requested by "thin crust" of TradersPizza.com. Here is my analysis for MBT:

 

Looking at the chart of MBT, I think this is forming a possible double bottom or "W" pattern. Right now RSI is about to break its trendline resistance. To add to that it is also forming a bullish divergence with MBT's price. Once the trendline resistance of the RSI is broken, I am expecting the price of MBT to continue moving up and will try to break the major resistance at 75.23. Successful breakout from this resistance, will confirm our double bottom. The target will be the 83.57 for the "W" pattern, while the double bottom target will be around 90. (caveat)