With previous lows holding support at 1.08, MBOT long here at 1.09. A low risk trade with stop at 1.07. Risk 2% with a possible pop coming in the near term for a 10% plus gain.
MBOT is an interesting speculative long opportunity. I t has strong money flow divergence. Nice double bottom. Watching for entry
Break of the 50 day EMA today, looking for this momentum to continue tomorrow. Entry over $1.22 with a target of $1.40. Support for stop placements @ $1.18 for the tight stop and $1.13 for the looser stop. Watch List @ TraderPix.com