Overall market is helping in putting pressure on MBI share price but today it is going against some long term highs and volume was low. MACD hasn't turned yet but is leveling off....meaning the decline should be close to being overall which is verified by the contraction of volume on the correction. 50 moving avg is at 12.75 so we may test that area. OBV looks good as well. RSI stays this stock is oversold and all of us know it is undervalued at these prices. Time and patience is needed and the overall market stabilizing here would help. Slow sto haven't turned yet meaning we may have more downside but we are getting close to the bull flag reversal higher IMHO
there u r Sleestacj. How goies? r u out of RDN? (took profits?) what's your cost avg on MBI ? Thanks! (mine is $14...only holding 1000s, but thinking about adding another 1000) you are always one of the best posters on Y borads, so thx in advance for your response and future DD posts!