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Is MREO signaling selling opportunity? Fell Below 20 Day Moving Average shows up after dropping 1.7%
On Wednesday, September 17th, MREO moved down 1.7% while volume shrunk to 0.4× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 1.69, 1.66 & 1.6, with resistance at 1.78, 1.84 & 1.87.
Current SwingTradeBot Technical Rating of MREO: F
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