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Is PLG building bearish momentum? Bearish Engulfing shows up after tumbling 7.73%
PLG finished lower by 7.73% on Tuesday, September 16th, trading 1.7 times its typical volume. Multiple bearish signals emerged — Bearish Engulfing, Stochastic Sell Signal & Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 1.72, 1.65 & 1.53, with resistance at 1.91, 2.03 & 2.1. Technical indicators like Slow Stochastic reveal overbought momentum right now.
Current SwingTradeBot Technical Rating of PLG: C
Is this the only signal? Not even close. Explore the full breakdown at SwingTradeBot.
Read full article here »