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Is JEM showing downside potential? Fell Below 20 Day Moving Average shows up after tumbling 28.7%
JEM finished lower by 28.7% on Monday, July 6th, trading 0.2 times its typical volume. consolidation patterns formed: Calm After Storm, suggesting a potential continuation after price stabilization. Key support levels exist at 1.25, 0.87 & 0.45, with resistance at 2.05, 2.47 & 2.85. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of JEM: F
There’s more where that came from. See all of today’s signals for JEM here.
Read full article here »