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Is IMA gathering momentum? Bollinger Band Squeeze shows up after sliding 2.16%
On Wednesday, August 26th, IMA moved down 2.16% while volume shrunk to 0.6× the usual levels. Bollinger Band Squeeze — typically a warning sign for traders — developed during the session. Key support levels exist at 5.34, 5.25 & 5.09, with resistance at 5.59, 5.75 & 5.84.
Current SwingTradeBot Technical Rating of IMA: F
Today’s move could mean more—check all the signals for IMA on SwingTradeBot.
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