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Bollinger Band Squeeze appears for DOW after 0.87% move
DOW finished higher by 0.87% on Monday, August 17th, trading 0.5 times its typical volume. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 30.93, 30.52 & 30.21, with resistance at 31.64, 31.95 & 32.36. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of DOW: C
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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