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Is OZ preparing to trend higher? New Uptrend shows up after dropping 4.75%
OZ posted a 4.75% loss on Thursday, August 6th, accompanied by 0.3× normal trading volume. Multiple bullish signals emerged — New Uptrend, Upper Bollinger Band Walk & Jack-in-the-Box Bullish — suggesting potential strength ahead. Key support levels exist at 46.75, 46.07 & 44.71, with resistance at 48.8, 50.16 & 50.84. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of OZ: F
There’s more where that came from. See all of today’s signals for OZ here.
Read full article here »