$MLN has recently declined by 9.37% and is currently positioned near the lower Bollinger Band at 8.11.
This proximity suggests potential oversold conditions, indicating a possible reversal or trend continuation.
Volatility appears to be contracting as the price approaches the lower band, typically signaling a tighter price range ahead.
A stop-loss should be set just below 7.98 to manage risk.
Traders may consider waiting for confirmation of a bounce off support before entering positions.
