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Is MTEX gaining bullish strength? Stochastic Buy Signal shows up after gaining 3.45%
MTEX closed up 3.45% on Monday, June 29th, with volume running 0.1× below average. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 5.16, 5.07 & 5.02, with resistance at 5.29, 5.34 & 5.43. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of MTEX: D
There’s more where that came from. See all of today’s signals for MTEX here.
Read full article here »