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Is MLM gaining bullish strength? Slingshot Bullish shows up after slipping 2.05%
MLM closed down 2.05% on Friday, June 26th, with volume running 1.0× below average. Mixed technical signals appeared with Slingshot Bullish suggesting upside potential, while Fell Below 200 DMA and Bearish Engulfing and Stochastic Sell Signal indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 608.37, 600.67 & 590.39, with resistance at 626.35, 636.63 & 644.33. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of MLM: B
There’s more where that came from. See all of today’s signals for MLM here.
Read full article here »