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Is CIG compressing before expansion? Bollinger Band Squeeze shows up after advancing 2.16%
CIG posted a 2.16% gain on Thursday, July 9th, accompanied by 0.3× normal trading volume. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 2.09, 2.06 & 2.04, with resistance at 2.15, 2.17 & 2.2.
Current SwingTradeBot Technical Rating of CIG: C
Just a sneak peek — check SwingTradeBot.com for the full story on CIG.
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