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Is TEL preparing to trend lower? 200 Day Moving Average Resistance shows up after declining 1.35%
On Thursday, August 6th, TEL moved down 1.35% while volume was to 0.8× the usual levels. Multiple bearish signals emerged — 200 DMA Resistance and Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 213.09, 211.09 & 207.3, with resistance at 218.88, 222.67 & 224.67. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of TEL: C
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