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Fell Below 50 Day Moving Average appears for NMG after 4.64% move
On Friday, August 28th, NMG moved down 4.64% while volume shrunk to 0.6× the usual levels. Multiple bearish signals emerged — Fell Below 50 DMA, Bearish Engulfing, Stochastic Sell Signal & 180 Bearish Setup — suggesting potential weakness ahead. Key support levels exist at 1.41, 1.38 & 1.32, with resistance at 1.5, 1.55 & 1.58.
Current SwingTradeBot Technical Rating of NMG: F
There’s more where that came from. See all of today’s signals for NMG here.
Read full article here »