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Is EL ready to move higher? MACD Bullish Centerline Cross shows up after gaining 0.87%
On Thursday, July 30th, EL moved up 0.87% while volume was to 1.2× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 83.89, 82.91 & 82.04, with resistance at 85.74, 86.61 & 87.59. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of EL: D
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