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Is ELVR compressing before expansion? Narrow Range Bar shows up after dropping 1.3%
On Thursday, July 9th, ELVR moved down 1.3% while volume shrunk to 0.1× the usual levels. Narrow Range Bar — typically a warning sign for traders — developed during the session. Key support levels exist at 62.88, 62.15 & 61.4, with resistance at 64.36, 65.11 & 65.84. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of ELVR: D
There’s more where that came from. See all of today’s signals for ELVR here.
Read full article here »