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Is POET gaining bearish strength? Fell Below 50 Day Moving Average shows up after crashing 9.79%
POET closed down 9.79% on Tuesday, August 18th, with volume running 0.7× below average. Multiple bearish signals emerged — Fell Below 50 DMA, Stochastic Sell Signal & Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 8.25, 8.02 & 7.6, with resistance at 8.89, 9.31 & 9.54.
Current SwingTradeBot Technical Rating of POET: C
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »