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Is MTNB setting up for a drop? Lower Bollinger Band Walk shows up after soaring 8.93%
MTNB closed up 8.93% on Friday, August 21st, with volume running 0.1× below average. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 0.18, 0.17 & 0.16, with resistance at 0.21, 0.22 & 0.24. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MTNB: F
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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