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MERC forms New Downtrend on August 21
MERC closed down 1.02% on Friday, August 21st, with volume running 0.6× below average. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 0.41, 0.4 & 0.39, with resistance at 0.44, 0.45 & 0.46. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of MERC: F
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