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Is MBI setting up for a drop? 20 Day Moving Average Resistance shows up after sliding 1.73%
On Wednesday, July 15th, MBI moved down 1.73% while volume was to 0.7× the usual levels. 20 DMA Resistance — typically a warning sign for traders — developed during the session. Key support levels exist at 6.15, 6.06 & 5.93, with resistance at 6.37, 6.5 & 6.59.
Current SwingTradeBot Technical Rating of MBI: D
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