MBL chart

[russki]

Chart dudes - MBL seems to have broken out of a medium term strong up trend into a medium term sideways (slightly up-) trend? With strong support at $60? ..and a continued (weaker) long term up trend ?

At what point would you consider the long term up trend broken? Seems like recent lows are redefining the long term trend line?

[MoSteph]

All depends on how long a longterm trend is. I posit that it's as long as a longterm trend; no longer. IMHO, I would say stay out till it breaks resistence at 70. Nothing at present makes this a buy. If I held, I would either wait till it bounces near the 70 resistence again and sell. Or, if $60 support is broken, bail asap...