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MTC stock analysis

16.10.2020

Market Review

Share managed to breach the support 330.77, ending the sideways movement it was moving within, and the price is currently heading to test the support 313.60 after it breached the previous support level of 330.70.

The stochastic oscillator is on a downward path, and this coincides with the price test of the support level and the 20-50 moving averages

The expected trading range is between 313.60 support and 340.85 resistance

The expected general trend for today: Bearish.

Author: admin
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