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Fell Below 200 Day Moving Average appears for POET after 7.26% move
On Thursday, July 16th, POET moved down 7.26% while volume shrunk to 0.4× the usual levels. The session formed a Fell Below 200 DMA, often signaling a possible continuation. Key support levels exist at 7.4, 7.14 & 6.81, with resistance at 8.0, 8.33 & 8.59. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of POET: F
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