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Is NBN signaling selling opportunity? 50 Day Moving Average Resistance shows up after sinking 4.18%
NBN posted a 4.18% loss on Wednesday, July 29th, accompanied by 1.3× normal trading volume. Multiple bearish signals emerged — 50 DMA Resistance, MACD Bearish Centerline Cross & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 118.74, 116.31 & 111.8, with resistance at 125.68, 130.19 & 132.62.
Current SwingTradeBot Technical Rating of NBN: C
Just a sneak peek — check SwingTradeBot.com for the full story on NBN.
Read full article here »