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Is IMKTA primed for downward momentum? MACD Bearish Centerline Cross shows up after slipping 1.3%
On Thursday, August 6th, IMKTA moved down 1.3% while volume was to 1.3× the usual levels. Multiple bearish signals emerged — MACD Bearish Centerline Cross and MACD Bearish Signal Line Cross — suggesting potential weakness ahead. Key support levels exist at 85.53, 84.35 & 82.39, with resistance at 88.68, 90.64 & 91.82.
Current SwingTradeBot Technical Rating of IMKTA: D
There’s more where that came from. See all of today’s signals for IMKTA here.
Read full article here »