Current price: 45.25

Key point: 43.50

Our preferred direction: Buy positions above 43.50 levels with 47.50 as a first target and then 51.20 as a second target.

Alternative scenario: Stop loss and change direction by breaking the 43.50 level, targeting the 38.00 levels.

Technical commentary
Mabco stock is moving above an upward trend line from the current year’s bottom and the highest support levels of 43.50, with the stock currently targeting levels of 51.2