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Is MTX setting up for a drop? Slingshot Bearish shows up after gaining 0.99%
MTX finished higher by 0.99% on Friday, August 21st, trading 0.7 times its typical volume. The session formed a Slingshot Bearish, often signaling a possible continuation. Key support levels exist at 70.61, 70.06 & 69.45, with resistance at 71.76, 72.37 & 72.92. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of MTX: D
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »