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Is USAS positioned for a breakdown? Slingshot Bearish shows up after rallying 5.15%
USAS posted a 5.15% gain on Thursday, June 25th, accompanied by 0.8× normal trading volume. Multiple bearish signals emerged — Stochastic Reached Oversold and Slingshot Bearish — suggesting potential weakness ahead. Key support levels exist at 4.58, 4.37 & 4.2, with resistance at 4.97, 5.14 & 5.35. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of USAS: D
This might just be the start. See what else showed up for USAS today.
Read full article here »