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Is IMA ready to move higher? Directional Movement Crossover Bullish shows up after dropping 3.65%
IMA posted a 3.65% loss on Wednesday, July 29th, accompanied by 1.1× normal trading volume. Mixed technical signals appeared with Directional Movement Crossover Bullish suggesting upside potential, while 20 DMA Resistance and Fell Below 50 DMA and Shooting Star Candlestick and 180 Bearish Setup indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 5.39, 5.23 & 4.96, with resistance at 5.82, 6.09 & 6.25.
Current SwingTradeBot Technical Rating of IMA: F
This might just be the start. See what else showed up for IMA today.
Read full article here »