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Is EQX showing downside potential? 20 Day Moving Average Resistance shows up after declining 4.42%
EQX finished lower by 4.42% on Wednesday, June 17th, trading 2.1 times its typical volume. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — 20 DMA Resistance and Bearish Engulfing — suggesting potential weakness ahead. Key support levels exist at 10.66, 10.3 & 9.6, with resistance at 11.72, 12.42 & 12.78.
Current SwingTradeBot Technical Rating of EQX: F
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »