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Is SOHO preparing to trend higher? 50 Day Moving Average Support shows up after sliding 4.38%
SOHO closed down 4.38% on Tuesday, September 16th, with volume running 3.2× above average. The unusually high volume suggests institutional participation in today's move. Multiple bullish signals emerged — 50 DMA Support, 200 DMA Support, Wide Range Bar & Upper Bollinger Band Walk — suggesting potential strength ahead. Key support levels exist at 0.8, 0.73 & 0.65, with resistance at 0.94, 1.02 & 1.09. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of SOHO: C
Don’t miss other key signals SOHO triggered—view them now on SwingTradeBot.com.
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