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Is WMG signaling selling opportunity? 20 Day Moving Average Resistance shows up after dropping 0.46%
On Wednesday, October 15th, WMG moved down 0.46% while volume was to 1.0× the usual levels. Multiple bearish signals emerged — Shooting Star, 20 DMA Resistance, 50 DMA Resistance, Shooting Star Candlestick & 180 Bearish Setup — suggesting potential weakness ahead. Key support levels exist at 32.06, 31.7 & 30.98, with resistance at 33.14, 33.86 & 34.22.
Current SwingTradeBot Technical Rating of WMG: D
Today’s move could mean more—check all the signals for WMG on SwingTradeBot.
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