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Is MCB preparing to trend lower? 20 Day Moving Average Resistance shows up after advancing 1.72%
MCB posted a 1.72% gain on Tuesday, August 4th, accompanied by 1.0× normal trading volume. Multiple bearish signals emerged — 20 DMA Resistance, 50 DMA Resistance & Non-ADX 1,2,3,4 Bearish — suggesting potential weakness ahead. Key support levels exist at 92.14, 90.06 & 88.33, with resistance at 95.95, 97.68 & 99.76.
Current SwingTradeBot Technical Rating of MCB: D
This might just be the start. See what else showed up for MCB today.
Read full article here »