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Is MPC setting up for a drop? Stochastic Reached Oversold shows up after dropping 0.35%
MPC posted a 0.35% loss on Friday, August 7th, accompanied by 0.6× normal trading volume. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 291.88, 285.56 & 280.77, with resistance at 303.0, 307.79 & 314.11. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of MPC: C
There’s more where that came from. See all of today’s signals for MPC here.
Read full article here »