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Is DC poised for a breakout? Narrow Range Bar shows up after slipping 0.64%
DC closed down 0.64% on Friday, July 24th, with volume running 0.5× below average. consolidation patterns formed: Narrow Range Bar and Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 4.6, 4.54 & 4.49, with resistance at 4.71, 4.76 & 4.82. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of DC: D
There’s more where that came from. See all of today’s signals for DC here.
Read full article here »