Meten EdtechX Education Group Ltd. (NASDAQ:METX) shares were trading on increased volume in Friday’s trading session amid a company report of increased gross billing from its Junior ELT, or English language training, business.
Meten Edtech X Technical Levels: The 15-minute chart below shows two potential key levels. The price level at $2.20 is where the price has previously found some support and could be a potential support level going forward.
The price level of $2.80 has previously held the price below and acted as a resistance level. To a technical trader, this means that it could potentially hold as a resistance level in the future.
Bullish technical traders would like to see a move above the resistance with a period of consolidation before another upwards move may be possible.
Bearish technical traders would like to see the support break with a period of consolidation below. This could allow a further downward move.
The daily chart is showing that the price is trading in what technical traders would call a channel between two different price levels.
The top price level near $3.40 has acted as a resistance after it broke through support in the past year.
The price is now having trouble closing above this level. Another potential key level is the $1.80 mark. The price has bounced off this price and moved higher multiple times in the past.
A bullish technical trader would like to see the resistance level break with a period of consolidation above before a further move higher.
A bearish trader wants the opposite. They would like to see the speculative support level break with consolidation before a possible further downward move.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
