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Is MCB primed for upward momentum? Directional Movement Crossover Bullish shows up after advancing 0.11%
On Friday, August 28th, MCB moved up 0.11% while volume shrunk to 0.6× the usual levels. Mixed technical signals appeared with Directional Movement Crossover Bullish suggesting upside potential, while 20 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 90.86, 89.94 & 88.94, with resistance at 92.78, 93.78 & 94.7.
Current SwingTradeBot Technical Rating of MCB: C
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »