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Is MG setting up for a drop? Fell Below 20 Day Moving Average shows up after sliding 1.16%
MG closed down 1.16% on Wednesday, September 17th, with volume running 1.1× above average. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 9.31, 9.22 & 9.06, with resistance at 9.56, 9.72 & 9.81.
Current SwingTradeBot Technical Rating of MG: D
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