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200 Day Moving Average Support appears for CIG after 1.87% move
CIG closed down 1.87% on Friday, August 7th, with volume running 0.8× below average. Mixed technical signals appeared with 200 DMA Support suggesting upside potential, while 20 DMA Resistance and Fell Below 50 DMA and Directional Movement Crossover Bearish and Expansion Pivot Sell Setup indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 2.07, 2.05 & 2.0, with resistance at 2.14, 2.19 & 2.21.
Current SwingTradeBot Technical Rating of CIG: D
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