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Bullish Engulfing appears for AIXI after 13.2% move
AIXI posted a 13.2% gain on Wednesday, July 29th, accompanied by 5.7× normal trading volume. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Bullish Engulfing and Pocket Pivot suggesting upside potential, while 20 DMA Resistance and Shooting Star Candlestick and Slingshot Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 0.95, 0.7 & 0.38, with resistance at 1.52, 1.84 & 2.09. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of AIXI: F
There’s more where that came from. See all of today’s signals for AIXI here.
Read full article here »