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Is INDI showing downside potential? Fell Below 20 Day Moving Average shows up after plummeting 7.21%
INDI closed down 7.21% on Monday, July 13th, with volume running 0.7× below average. Multiple bearish signals emerged — Fell Below 20 DMA and Fell Below 50 DMA — suggesting potential weakness ahead. Key support levels exist at 3.99, 3.87 & 3.64, with resistance at 4.34, 4.57 & 4.69.
Current SwingTradeBot Technical Rating of INDI: C
There’s more where that came from. See all of today’s signals for INDI here.
Read full article here »