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Is MBC ready to move lower? Fell Below 20 Day Moving Average shows up after slipping 4.45%
MBC posted a 4.45% loss on Tuesday, July 7th, accompanied by 0.5× normal trading volume. Multiple bearish signals emerged — Fell Below 20 DMA, MACD Bearish Signal Line Cross & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 8.83, 8.64 & 8.35, with resistance at 9.32, 9.61 & 9.8.
Current SwingTradeBot Technical Rating of MBC: D
There’s more where that came from. See all of today’s signals for MBC here.
Read full article here »