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Is SMHI primed for upward momentum? Stochastic Reached Overbought shows up after climbing 1.97%
SMHI closed up 1.97% on Thursday, September 18th, with volume running 0.7× below average. consolidation patterns formed: Calm After Storm, suggesting a potential continuation after price stabilization. Key support levels exist at 7.05, 6.87 & 6.73, with resistance at 7.36, 7.5 & 7.68. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of SMHI: C
Just a sneak peek — check SwingTradeBot.com for the full story on SMHI.
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