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Is MCHB compressing before expansion? NR7 shows up after sinking 0.9%
MCHB closed down 0.9% on Friday, July 17th, 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 16.44, 16.38 & 16.32, with resistance at 16.56, 16.62 & 16.68. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of MCHB: A
There’s more where that came from. See all of today’s signals for MCHB here.
Read full article here »