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Is MERC preparing to trend lower? 20 Day Moving Average Resistance shows up after declining 3.79%
MERC finished lower by 3.79% on Wednesday, September 17th, trading 0.4 times its typical volume. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 2.98, 2.91 & 2.78, with resistance at 3.17, 3.3 & 3.37.
Current SwingTradeBot Technical Rating of MERC: F
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