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Is MCHX preparing to trend higher? Pocket Pivot shows up after rising 1.66%
On Friday, August 28th, MCHX moved up 1.66% while volume surged to 2.5× the usual levels. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Pocket Pivot and 20 DMA Support suggesting upside potential, while Shooting Star Candlestick indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 1.76, 1.68 & 1.56, with resistance at 1.96, 2.08 & 2.16.
Current SwingTradeBot Technical Rating of MCHX: B
See all signals and full analysis for MCHX on SwingTradeBot.com →
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