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Is SABR primed for upward momentum? 20 Day Moving Average Support shows up after sinking 1.07%
On Friday, July 31st, SABR moved down 1.07% while volume was to 0.8× the usual levels. Mixed technical signals appeared with 20 DMA Support and 50 DMA Support suggesting upside potential, while Bearish Engulfing indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 1.79, 1.74 & 1.68, with resistance at 1.9, 1.96 & 2.01.
Current SwingTradeBot Technical Rating of SABR: C
There’s more where that came from. See all of today’s signals for SABR here.
Read full article here »