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Is ACON setting up for a drop? 20 Day Moving Average Resistance shows up after gaining 1.75%
On Wednesday, August 12th, ACON moved up 1.75% while volume was to 1.2× the usual levels. The session formed a 20 DMA Resistance, often signaling a possible continuation. Key support levels exist at 2.25, 2.18 & 2.11, with resistance at 2.39, 2.46 & 2.53.
Current SwingTradeBot Technical Rating of ACON: F
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