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Is ULCC primed for downward momentum? 200 Day Moving Average Resistance shows up after climbing 1.93%
ULCC posted a 1.93% gain on Monday, September 15th, accompanied by 0.7× normal trading volume. Multiple bearish signals emerged — 200 DMA Resistance and MACD Bearish Signal Line Cross — suggesting potential weakness ahead. Key support levels exist at 5.13, 4.98 & 4.8, with resistance at 5.45, 5.63 & 5.78.
Current SwingTradeBot Technical Rating of ULCC: D
There’s more where that came from. See all of today’s signals for ULCC here.
Read full article here »