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Is BGI building bearish momentum? New 52 Week Closing Low shows up after plummeting 6.2%
On Friday, July 24th, BGI moved down 6.2% while volume shrunk to 0.7× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 0.51, 0.51 & 0.49, with resistance at 0.53, 0.55 & 0.55.
Current SwingTradeBot Technical Rating of BGI: F
Just a sneak peek — check SwingTradeBot.com for the full story on BGI.
Read full article here »