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MBI forms New Downtrend on September 16
MBI finished lower by 5.55% on Tuesday, September 16th, trading 1.8 times its typical volume. Multiple bearish signals emerged — New Downtrend and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 6.82, 6.49 & 6.13, with resistance at 7.51, 7.87 & 8.2.
Current SwingTradeBot Technical Rating of MBI: C
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »