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Is CNM primed for volatility? Bollinger Band Squeeze shows up after sinking 1.65%
On Friday, August 28th, CNM moved down 1.65% while volume was to 0.9× the usual levels. Bollinger Band Squeeze — typically a warning sign for traders — developed during the session. Key support levels exist at 42.37, 41.71 & 40.89, with resistance at 43.84, 44.66 & 45.32. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of CNM: F
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