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Is MBLY poised for a decline? Lower Bollinger Band Walk shows up after dropping 1.6%
On Monday, June 22nd, MBLY moved down 1.6% while volume increased to 1.4× the usual levels. The session formed a Lower Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 8.22, 8.12 & 7.95, with resistance at 8.5, 8.67 & 8.77. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MBLY: D
See all signals and full analysis for MBLY on SwingTradeBot.com →
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