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PM forms 20 Day Moving Average Resistance on August 6
On Thursday, August 6th, PM moved down 0.45% while volume increased to 1.5× the usual levels. Multiple bearish signals emerged — 20 DMA Resistance and Stochastic Reached Oversold — suggesting potential weakness ahead. Key support levels exist at 185.98, 183.88 & 181.1, with resistance at 190.86, 193.64 & 195.74. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of PM: A
Today’s move could mean more—check all the signals for PM on SwingTradeBot.
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