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Is FNB signaling selling opportunity? 20 Day Moving Average Resistance shows up after sinking 4.33%
On Friday, October 10th, FNB moved down 4.33% while volume increased to 1.6× the usual levels. Multiple bearish signals emerged — 20 DMA Resistance, 50 DMA Resistance, Wide Range Bar, MACD Bearish Centerline Cross & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 14.96, 14.66 & 14.07, with resistance at 15.85, 16.44 & 16.74.
Current SwingTradeBot Technical Rating of FNB: C
There’s more where that came from. See all of today’s signals for FNB here.
Read full article here »