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MCBS forms Bearish Engulfing on August 14
MCBS finished lower by 0.28% on Friday, August 14th, trading 0.5 times its typical volume. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 36.11, 35.98 & 35.76, with resistance at 36.46, 36.68 & 36.81. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of MCBS: A
There’s more where that came from. See all of today’s signals for MCBS here.
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