MBT Technical Analysis: Is Its Bullish Price Action Sustainable Despite Foreign Selling?

MBT Technical Analysis: Is Its Bullish Price Action Sustainable Despite Foreign Selling?

Metropolitan Bank and Trust Company (PSE:MBT) has been sold heavily and pretty consistently by foreign investors since the first week of August 2019. Now that MBT broke above the previous resistance at P70.60, can it sustain its ascent and re-test the immediate resistance near P78.20? Read our latest technical analysis on MBT to know our insights and recommendations.