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Is MCY showing downside potential? Shooting Star Candlestick shows up after sinking 1.18%
On Wednesday, June 17th, MCY moved down 1.18% while volume was to 0.9× the usual levels. Multiple bearish signals emerged — Shooting Star, New 52 Week High & Shooting Star Candlestick — suggesting potential weakness ahead. Key support levels exist at 100.23, 99.05 & 97.26, with resistance at 103.19, 104.98 & 106.16. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of MCY: A
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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