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MEOH forms Lower Bollinger Band Walk on June 18
MEOH posted a 3.61% loss on Thursday, June 18th, accompanied by 1.7× normal trading volume. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 51.79, 50.41 & 48.8, with resistance at 54.78, 56.39 & 57.77. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of MEOH: D
This might just be the start. See what else showed up for MEOH today.
Read full article here »