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Is SMP positioned for a breakdown? Fell Below 20 Day Moving Average shows up after sliding 2.52%
On Friday, September 19th, SMP moved down 2.52% while volume increased to 1.7× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 39.0, 38.5 & 37.7, with resistance at 40.3, 41.1 & 41.6.
Current SwingTradeBot Technical Rating of SMP: C
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