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Is PM likely to continue lower? 20 Day Moving Average Resistance shows up after slipping 0.47%
On Thursday, August 6th, PM moved down 0.47% while volume was to 0.9× the usual levels. Multiple bearish signals emerged — 20 DMA Resistance and Stochastic Reached Oversold — suggesting potential weakness ahead. Key support levels exist at 185.96, 183.87 & 181.08, with resistance at 190.84, 193.63 & 195.72. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of PM: B
Today’s move could mean more—check all the signals for PM on SwingTradeBot.
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