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DOMO forms Slingshot Bearish on June 18
DOMO closed up 21.0% on Thursday, June 18th, with volume running 4.3× above average. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — Lower Bollinger Band Walk and Slingshot Bearish — suggesting potential weakness ahead. Key support levels exist at 2.1, 1.79 & 1.57, with resistance at 2.63, 2.85 & 3.16. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of DOMO: F
Today’s move could mean more—check all the signals for DOMO on SwingTradeBot.
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