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Is MLKN setting up for a drop? 20 Day Moving Average Resistance shows up after dropping 0.69%
On Wednesday, September 17th, MLKN moved down 0.69% while volume was to 1.1× the usual levels. Multiple bearish signals emerged — 20 DMA Resistance, 50 DMA Resistance, MACD Bearish Centerline Cross & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 19.69, 19.34 & 18.68, with resistance at 20.7, 21.36 & 21.71. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of MLKN: D
Traders are watching MLKN for a reason. See the full signal list.
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