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Is BOF likely to continue lower? 180 Bearish Setup shows up after plummeting 5.8%
On Friday, August 28th, BOF moved down 5.8% while volume shrunk to 0.1× the usual levels. Multiple bearish signals emerged — 180 Bearish Setup and Fell Below 20 DMA — suggesting potential weakness ahead. Key support levels exist at 3.81, 3.72 & 3.59, with resistance at 4.03, 4.16 & 4.25.
Current SwingTradeBot Technical Rating of BOF: D
Just a sneak peek — check SwingTradeBot.com for the full story on BOF.
Read full article here »