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CMP forms Pocket Pivot on June 24
CMP closed up 1.92% on Wednesday, June 24th, with volume running 0.9× below average. Mixed technical signals appeared with Pocket Pivot suggesting upside potential, while 50 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 27.91, 27.15 & 26.72, with resistance at 29.09, 29.52 & 30.28. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of CMP: C
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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