US Stock In Play: $MOD (Modine Manufacturing Inc)

192
MOD remains resilient within a bullish technical structure that was highlighted earlier this month, averting a potential correction that was experienced by the smaller-cap companies this morning. MOD closed the earlier session at $14.28, an intraday gain of +2.29%.

First sign of bullish trend resumption for MOD was signaled with a Bullish Reversal Hammer candlestick pattern on 20th November 2020, with a further continuation breakout on a week’s of consolidated price action on 15th December 2020.

At the current junction, immediate resistance for MOD is clustered at $14.85 to $15 range. MOD will be set to attain its 2 years high at $16.67 upon the clearance of the highlighted range.

Share this:

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.