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ELE Crossed Above 50 Day Moving Average on August 4
ELE finished higher by 3.55% on Tuesday, August 4th, trading 0.5 times its typical volume. consolidation patterns formed: NR7 and NR7-2 and Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 16.33, 16.03 & 15.79, with resistance at 16.87, 17.11 & 17.41.
Current SwingTradeBot Technical Rating of ELE: D
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