$MTL is currently trading near the lower Bollinger Band at 0.825, indicating potential for a rebound given the support level is in close proximity. The contraction of the bands suggests diminishing volatility, which may lead to a breakout soon. Price resistance stands at 0.873; a failure to break this could confirm a bearish trend. Traders should consider placing a stop-loss just below 0.823 to mitigate risk. Recommended action: set alerts for a price movement above 0.844 for a potential buy signal.
