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Is IMOS lining up for a decline? MACD Bearish Centerline Cross shows up after crashing 7.44%
IMOS closed down 7.44% on Friday, July 24th, with volume running 0.9× below average. The session formed a MACD Bearish Centerline Cross, often signaling a possible continuation. Key support levels exist at 54.3, 53.26 & 51.35, with resistance at 57.25, 59.16 & 60.2. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of IMOS: C
There’s more where that came from. See all of today’s signals for IMOS here.
Read full article here »