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Is IMO likely to continue lower? Non-ADX 1,2,3,4 Bearish shows up after sinking 0.96%
IMO closed down 0.96% on Thursday, July 9th, with volume running 0.2× below average. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 119.5, 118.91 & 118.12, with resistance at 120.88, 121.67 & 122.26. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of IMO: C
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