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VELO forms NR7 on July 24
VELO closed down 4.25% on Friday, July 24th, with volume running 0.5× below average. consolidation patterns formed: NR7 and NR7-2 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 9.4, 9.11 & 8.73, with resistance at 10.07, 10.45 & 10.74. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of VELO: D
There’s more where that came from. See all of today’s signals for VELO here.
Read full article here »