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Fell Below 20 Day Moving Average appears for MCHP after 1.68% move
On Friday, September 19th, MCHP moved down 1.68% while volume increased to 1.6× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 63.85, 62.54 & 61.22, with resistance at 66.48, 67.8 & 69.11.
Current SwingTradeBot Technical Rating of MCHP: D
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