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Is MLEC poised for a decline? New 52 Week Closing Low shows up after tumbling 5.16%
MLEC posted a 5.16% loss on Wednesday, October 1st, accompanied by 0.9× normal trading volume. Multiple bearish signals emerged — New 52 Week Low, New 52 Week Closing Low & Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 0.86, 0.8 & 0.71, with resistance at 1.01, 1.1 & 1.16. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of MLEC: F
Just a sneak peek — check SwingTradeBot.com for the full story on MLEC.
Read full article here »