MTC stock analysis

MTC stock continues to test the resistance level 340.00 after rising from the support 313.34 and failing to breach it, and the stock rose higher after it broke through several resistance levels at 233.47 and the level of the moving average 7-20-50.

As the price stabilizes by moving above the 20-50 moving averages, which have become support levels for the price.

The stochastic oscillator is floating inside the overbought zone, which constituted an additional factor in the price's increase.

The expected trading range is between 301.40 support and 340.50 resistance

The expected general trend for today: Bullish.