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Is CGNT primed for downward momentum? 50 Day Moving Average Resistance shows up after declining 2.16%
CGNT closed down 2.16% on Thursday, August 20th, with volume running 0.2× below average. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 8.51, 8.4 & 8.23, with resistance at 8.79, 8.96 & 9.07.
Current SwingTradeBot Technical Rating of CGNT: D
Today’s move could mean more—check all the signals for CGNT on SwingTradeBot.
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