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SKM forms Slingshot Bearish on July 30
SKM closed up 7.25% on Thursday, July 30th, with volume running 0.7× below average. Multiple bearish signals emerged — Stochastic Reached Oversold and Slingshot Bearish — suggesting potential weakness ahead. Key support levels exist at 30.74, 29.69 & 29.02, with resistance at 32.46, 33.13 & 34.18. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of SKM: C
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