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Is MRNO primed for downward momentum? New 52 Week Closing Low shows up after plummeting 12.3%
On Monday, September 15th, MRNO moved down 12.3% while volume increased to 1.4× the usual levels. Multiple bearish signals emerged — New 52 Week Low, New 52 Week Closing Low & Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 2.64, 2.44 & 2.1, with resistance at 3.18, 3.52 & 3.72. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MRNO: F
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