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Is MWC coiling for a breakout? Narrow Range Bar shows up after crashing 8.59%
On Thursday, July 30th, MWC moved down 8.59% while volume shrunk to 0.2× the usual levels. Narrow Range Bar — typically a warning sign for traders — developed during the session. Key support levels exist at 1.42, 1.34 & 1.21, with resistance at 1.63, 1.76 & 1.84.
Current SwingTradeBot Technical Rating of MWC: F
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »