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MBT Downtrend

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NYSE:MBT   None
Trend Analysis Chart Patterns Beyond Technical Analysis MBT MBTN Double Bottom gaussian Price Channels rounded-bottom Bearish Patterns short
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trendanalysis chartpattern beyondta mbt mbtn doublebottom gaussian pricechannel rounded-bottom bearish short
MBT has been stuck in a downtrend since 2006, a continuation of this downtrend is most likely. However rising MACD shows promise, it may be rejected as seen before (highlighted in blue box) Gaussian channel shows a possible rejection at the middle. Blue line shows a rounded bottom which is another bullish sign, however it looks particularly bearish in these conditions.
Two double bottoms can also be observed, will the second lead to another rejection at the downward trendline?
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