Wisdom Wise

MHB Dead Cat Bounce?

Ben Gan
Publish date: Fri, 07 Jun 2013, 01:13 PM
Ben Gan
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This blog is not responsible for your losses, nor does it share your gains. Whatever you read here, please read it with a pinch of salt. YOUR ACTION IS YOUR ABSOLUTE RESPONSIBILITY.

The above chart of MHB (last trade at 3.41) looks dangerous. It is in the formation of a Dead Cat Bounce or a Bull Trap. The last two red candles portend further downtrend ahead. Be careful if you are playing this counter. It can go much lower. This is my prediction. Whatever you do, you do so at your own risk.
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