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SHG Fell Below 20 Day Moving Average on July 31
On Friday, July 31st, SHG moved down 3.34% while volume was to 1.1× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 69.16, 68.39 & 67.19, with resistance at 71.14, 72.34 & 73.11.
Current SwingTradeBot Technical Rating of SHG: A
Today’s move could mean more—check all the signals for SHG on SwingTradeBot.
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