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Is MI positioned for a breakdown? New Downtrend shows up after plummeting 13.68%
On Friday, August 28th, MI moved down 13.68% while volume increased to 1.5× the usual levels. consolidation patterns formed: Narrow Range Bar and Calm After Storm, suggesting a potential continuation after price stabilization. Key support levels exist at 2.34, 2.21 & 1.98, with resistance at 2.7, 2.93 & 3.06. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MI: F
What else did MI do today? Find out on SwingTradeBot.
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