This asset has been on a solid decline since the end of 2013
, and there really isn't much to indicate a turnaround. Note the small wedge
pattern forming. MT is desparetely trying to find footing, but there is a strong downtrend, and it keeps establishing new lows. The MACD
crossover indicates that small attempt at a rally starting on 10/02 has taken a turn for the worse. Furthermore, the OBV indicates complete lack of buying pressure.