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Is MERC heading for a slide? MACD Bearish Signal Line Cross shows up after rising 0.66%
MERC finished higher by 0.66% on Thursday, September 18th, trading 0.6 times its typical volume. consolidation patterns formed: NR7 and Narrow Range Bar and Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 3.03, 2.99 & 2.97, with resistance at 3.1, 3.12 & 3.16. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of MERC: F
Just a sneak peek — check SwingTradeBot.com for the full story on MERC.
Read full article here »