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Is SHG likely to continue lower? Bearish Engulfing shows up after sinking 0.57%
SHG posted a 0.57% loss on Monday, July 13th, accompanied by 0.1× normal trading volume. consolidation patterns formed: NR7 and NR7-2 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 72.6, 72.3 & 71.72, with resistance at 73.48, 74.06 & 74.36. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of SHG: A
There’s more where that came from. See all of today’s signals for SHG here.
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