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Is MBOT building bearish momentum? Fell Below 20 Day Moving Average shows up after plummeting 15.56%
MBOT posted a 15.56% loss on Monday, September 15th, accompanied by 2.9× normal trading volume. The unusually high volume suggests institutional participation in today's move. The session formed a Fell Below 20 DMA, often signaling a possible continuation. Key support levels exist at 3.2, 2.97 & 2.7, with resistance at 3.7, 3.97 & 4.2.
Current SwingTradeBot Technical Rating of MBOT: D
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