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POWW Fell Below 50 Day Moving Average on July 29
On Wednesday, July 29th, POWW moved down 2.27% while volume shrunk to 0.2× the usual levels. Multiple bearish signals emerged — Fell Below 50 DMA and Non-ADX 1,2,3,4 Bearish — suggesting potential weakness ahead. Key support levels exist at 2.11, 2.07 & 2.02, with resistance at 2.21, 2.26 & 2.3.
Current SwingTradeBot Technical Rating of POWW: B
There’s more where that came from. See all of today’s signals for POWW here.
Read full article here »