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VELO forms 180 Bearish Setup on August 28
VELO closed down 8.06% on Friday, August 28th, with volume running 0.4× below average. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 11.48, 11.08 & 10.46, with resistance at 12.5, 13.12 & 13.51. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of VELO: D
This might just be the start. See what else showed up for VELO today.
Read full article here »