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Is UGP about to break its pattern? Bollinger Band Squeeze shows up after rising 2.01%
UGP closed up 2.01% on Thursday, July 2nd, with volume running 0.2× below average. The session formed a Bollinger Band Squeeze, often signaling a possible continuation. Key support levels exist at 5.02, 4.96 & 4.92, with resistance at 5.12, 5.16 & 5.22. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of UGP: C
Today’s move could mean more—check all the signals for UGP on SwingTradeBot.
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