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Is MG primed for downward momentum? Shooting Star Candlestick shows up after dropping 0.42%
MG finished lower by 0.42% on Thursday, June 25th, trading 0.6 times its typical volume. Multiple bearish signals emerged — Shooting Star, New 52 Week High, Shooting Star Candlestick, Lizard Bearish & Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 18.45, 18.11 & 17.52, with resistance at 19.38, 19.97 & 20.31.
Current SwingTradeBot Technical Rating of MG: A
There’s more where that came from. See all of today’s signals for MG here.
Read full article here »