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Is MEOH preparing to trend lower? Fell Below 20 Day Moving Average shows up after slipping 2.04%
MEOH closed down 2.04% on Friday, August 7th, with volume running 0.6× below average. Multiple bearish signals emerged — Fell Below 20 DMA and Fell Below 50 DMA — suggesting potential weakness ahead. Key support levels exist at 52.31, 51.35 & 50.44, with resistance at 54.18, 55.09 & 56.05.
Current SwingTradeBot Technical Rating of MEOH: C
There’s more where that came from. See all of today’s signals for MEOH here.
Read full article here »