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Is IBO positioned for a breakdown? Fell Below 20 Day Moving Average shows up after tumbling 12.96%
IBO closed down 12.96% on Thursday, June 18th, with volume running 1.0× below average. Multiple bearish signals emerged — Fell Below 20 DMA, Fell Below 200 DMA, Directional Movement Crossover Bearish & 180 Bearish Setup — suggesting potential weakness ahead. Key support levels exist at 0.48, 0.46 & 0.41, with resistance at 0.55, 0.59 & 0.61.
Current SwingTradeBot Technical Rating of IBO: D
There’s more where that came from. See all of today’s signals for IBO here.
Read full article here »