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Is MTEX primed for upward momentum? Crossed Above 20 Day Moving Average shows up after surging 12.89%
MTEX posted a 12.89% gain on Monday, July 27th, accompanied by 0.7× normal trading volume. Multiple bullish signals emerged — Crossed Above 20 DMA, Crossed Above 50 DMA & MACD Bullish Signal Line Cross — suggesting potential strength ahead. Key support levels exist at 4.72, 4.36 & 4.07, with resistance at 5.37, 5.66 & 6.02.
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 »