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Is EIG showing downside potential? 180 Bearish Setup shows up after a relatively flat session
EIG closed down 0.06% on Friday, August 21st, with volume running 0.6× below average. 180 Bearish Setup — typically a warning sign for traders — developed during the session. Key support levels exist at 47.84, 47.57 & 47.16, with resistance at 48.51, 48.92 & 49.19. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of EIG: D
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »