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MEOH Fell Below 20 Day Moving Average on August 7
On Friday, August 7th, MEOH moved down 2.08% while volume shrunk to 0.1× the usual levels. Multiple bearish signals emerged — Fell Below 20 DMA and Fell Below 50 DMA — suggesting potential weakness ahead. Key support levels exist at 52.48, 51.71 & 51.09, with resistance at 53.88, 54.5 & 55.27.
Current SwingTradeBot Technical Rating of MEOH: B
There’s more where that came from. See all of today’s signals for MEOH here.
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