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Is MKL building bearish momentum? Slingshot Bearish shows up after gaining 0.37%
On Friday, August 21st, MKL moved up 0.37% while volume shrunk to 0.1× the usual levels. consolidation patterns formed: NR7 and NR7-2 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 1787.02, 1779.06 & 1771.3, with resistance at 1802.74, 1810.5 & 1818.46. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of MKL: F
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
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