MBT looks weak after it broke down 90 price.
The reason that it sold off until 70 level was that they see the DARK RED color as an uptrend support for the 4.5yr uptrend and they took it as a Bearish sign, but upon looking closely, I can give an alternative uptrend support around 69-72 to still include it as a long term Bullish stock.
Short term support: 73.5( as the 52 week low)
Medium term support: 70-72
Long term support: 69-70
Play/Plan: MBT might go around the 69-72 area, and is a good buy once support is established, and a breakout above the 78 level(downtrend resistance since May2013 top) could trigger a good rally to around 84-90 short to medium term. A fall below 69 level is a Bearish reaction.
RSI: 34
P/E ratio: 9x (bloomberg, relatively cheap)
61.8% retracement of the entire bull market: 65.0
2013 High: 139.50
Current retracement from top: 53.8%
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