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Is CIG showing upside potential? 20 Day Moving Average Support shows up after sinking 0.47%
CIG closed down 0.47% on Tuesday, June 30th, with volume running 1.2× above average. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 2.08, 2.06 & 2.04, with resistance at 2.12, 2.14 & 2.16.
Current SwingTradeBot Technical Rating of CIG: C
Today’s move could mean more—check all the signals for CIG on SwingTradeBot.
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