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Is INM positioned for a breakdown? Fell Below 50 Day Moving Average shows up after tumbling 7.59%
INM closed down 7.59% on Friday, August 21st, with volume running 0.1× below average. Multiple bearish signals emerged — Fell Below 50 DMA, Bearish Engulfing & Fell Below 20 DMA — suggesting potential weakness ahead. Key support levels exist at 1.4, 1.34 & 1.24, with resistance at 1.57, 1.67 & 1.73.
Current SwingTradeBot Technical Rating of INM: C
There’s more where that came from. See all of today’s signals for INM here.
Read full article here »