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MEG forms Lower Bollinger Band Walk on October 30
MEG posted a 2.4% loss on Thursday, October 30th, accompanied by 0.8× normal trading volume. The session formed a Lower Bollinger Band Walk, often signaling a possible continuation. Key support levels exist at 25.66, 25.31 & 24.72, with resistance at 26.6, 27.19 & 27.54. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of MEG: D
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