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Is JHX preparing to trend lower? Fell Below 20 Day Moving Average shows up after sliding 3.21%
On Monday, July 20th, JHX moved down 3.21% while volume shrunk to 0.5× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 24.66, 24.33 & 23.7, with resistance at 25.63, 26.26 & 26.59.
Current SwingTradeBot Technical Rating of JHX: A
There’s more where that came from. See all of today’s signals for JHX here.
Read full article here »