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Is MEG gaining bearish strength? Lower Bollinger Band Walk shows up after dropping 0.46%
MEG posted a 0.46% loss on Friday, October 31st, accompanied by 1.2× normal trading volume. Lower Bollinger Band Walk was spotted, which could indicate a shift in momentum. Key support levels exist at 25.36, 24.83 & 24.49, with resistance at 26.23, 26.57 & 27.1. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of MEG: D
There’s more where that came from. See all of today’s signals for MEG here.
Read full article here »