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Is RNW coiling for a breakout? NR7 shows up after sliding 0.15%
RNW posted a 0.15% loss on Thursday, August 13th, accompanied by 1.7× normal trading volume. consolidation patterns formed: NR7 and NR7-2 and Narrow Range Bar and Calm After Storm, suggesting a potential continuation after price stabilization. Key support levels exist at 6.79, 6.79 & 6.77, with resistance at 6.81, 6.83 & 6.83. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of RNW: A
There’s more where that came from. See all of today’s signals for RNW here.
Read full article here »