MTC analysis 04.09.2020

MTC stock is correcting the upward movement, as the price is testing the support at 330.50, after it broke through the resistance level of 340.00 on the downside and reached the support level near the 50 SMA. Which is moving near the main support 330.50 while the average 20 is moving above the price.

The stochastic oscillator has approached the oversold zone and is forming a change in its path, which coincides with the price test of the support level.

The expected trading range is between 301.40 support and 350.50 resistance

The expected general trend for today: Bullish.