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Is PSX likely to continue lower? MACD Bearish Centerline Cross shows up after slipping 0.62%
PSX posted a 0.62% loss on Thursday, June 18th, accompanied by 2.5× normal trading volume. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — Lower Bollinger Band Walk and MACD Bearish Centerline Cross — suggesting potential weakness ahead. Key support levels exist at 164.5, 162.86 & 161.61, with resistance at 167.39, 168.64 & 170.28. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of PSX: C
Don’t miss other key signals PSX triggered—view them now on SwingTradeBot.com.
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