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Is PSTL positioned for a breakdown? 50 Day Moving Average Resistance shows up after a flat session
On Friday, August 14th, PSTL remained flat, accompanied by volume at 0.9× the usual levels. Multiple bearish signals emerged — 50 DMA Resistance, Non-ADX 1,2,3,4 Bearish & 20 DMA Resistance — suggesting potential weakness ahead. Key support levels exist at 22.81, 22.62 & 22.33, with resistance at 23.3, 23.59 & 23.78.
Current SwingTradeBot Technical Rating of PSTL: D
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »