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SONM Crossed Above 20 Day Moving Average on August 3
SONM posted a 13.5% gain on Monday, August 3rd, accompanied by 2.6× normal trading volume. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Crossed Above 20 DMA and New Uptrend and Directional Movement Crossover Bullish and Pocket Pivot suggesting upside potential, while 50 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 3.39, 2.92 & 2.47, with resistance at 4.31, 4.76 & 5.23.
Current SwingTradeBot Technical Rating of SONM: F
There’s more where that came from. See all of today’s signals for SONM here.
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