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Is POM positioned for a breakdown? New 52 Week Closing Low shows up after dropping 4.84%
On Friday, July 31st, POM moved down 4.84% while volume shrunk to 0.6× the usual levels. consolidation patterns formed: Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 0.53, 0.51 & 0.47, with resistance at 0.59, 0.63 & 0.65. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of POM: F
There’s more where that came from. See all of today’s signals for POM here.
Read full article here »