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Is PSNY positioned for a breakout? MACD Bullish Signal Line Cross shows up after rising 1.6%
On Friday, August 28th, PSNY moved up 1.6% while volume shrunk to 0.7× the usual levels. Multiple bullish signals emerged — Lower Bollinger Band Walk and MACD Bullish Signal Line Cross — suggesting potential strength ahead. Key support levels exist at 12.37, 12.03 & 11.82, with resistance at 12.92, 13.13 & 13.47. Technical indicators like Slow Stochastic reveal oversold momentum right now.
Current SwingTradeBot Technical Rating of PSNY: F
There’s more where that came from. See all of today’s signals for PSNY here.
Read full article here »