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Is ACDC primed for downward momentum? 20 Day Moving Average Resistance shows up after crashing 6.29%
On Tuesday, June 16th, ACDC moved down 6.29% while volume was to 0.9× the usual levels. Multiple bearish signals emerged — 20 DMA Resistance and Fell Below 50 DMA — suggesting potential weakness ahead. Key support levels exist at 6.33, 6.1 & 5.67, with resistance at 7.0, 7.43 & 7.66.
Current SwingTradeBot Technical Rating of ACDC: C
There’s more where that came from. See all of today’s signals for ACDC here.
Read full article here »