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Is BIP positioned for a breakdown? Lower Bollinger Band Walk shows up after sliding 0.6%
BIP finished lower by 0.6% on Wednesday, June 24th, trading 0.4 times its typical volume. Lower Bollinger Band Walk — typically a warning sign for traders — developed during the session. Key support levels exist at 36.27, 35.98 & 35.63, with resistance at 36.91, 37.26 & 37.55. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of BIP: C
This might just be the start. See what else showed up for BIP today.
Read full article here »