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Is GGB setting up for a drop? Fell Below 20 Day Moving Average shows up after declining 2.88%
GGB closed down 2.88% on Friday, September 12th, with volume running 1.1× above average. Multiple bearish signals emerged — Fell Below 20 DMA and MACD Bearish Signal Line Cross — suggesting potential weakness ahead. Key support levels exist at 3.0, 2.98 & 2.92, with resistance at 3.08, 3.14 & 3.16.
Current SwingTradeBot Technical Rating of GGB: C
Today’s move could mean more—check all the signals for GGB on SwingTradeBot.
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