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EDN forms 50 Day Moving Average Support on July 24
On Friday, July 24th, EDN moved down 2.75% 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 25.29, 24.71 & 23.95, with resistance at 26.63, 27.39 & 27.97.
Current SwingTradeBot Technical Rating of EDN: C
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