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Fell Below 20 Day Moving Average appears for MEOH after 1.83% move
On Tuesday, August 11th, MEOH moved down 1.83% while volume shrunk to 0.1× the usual levels. consolidation patterns formed: NR7 and NR7-2 and Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 53.67, 53.13 & 52.09, with resistance at 55.25, 56.29 & 56.83.
Current SwingTradeBot Technical Rating of MEOH: B
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