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Is TW preparing to trend lower? 50 Day Moving Average Resistance shows up after dropping 1.27%
TW closed down 1.27% on Friday, July 17th, with volume running 0.7× below average. Multiple bearish signals emerged — 50 DMA Resistance and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 98.61, 97.32 & 95.38, with resistance at 101.84, 103.78 & 105.07.
Current SwingTradeBot Technical Rating of TW: D
There’s more where that came from. See all of today’s signals for TW here.
Read full article here »