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Jan 18, 2019 8:05 AM

APTV approaching resistance, potential drop!  Short

Aptiv PLCNYSE

Description

APTV is approaching our first resistance at 81.21 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 67.74 (61.8% Fibonacci retracement).
Stocahstic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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