TradeGATEHub

AVY approaching resistance, potential drop!

Short
NYSE:AVY   Avery Dennison Corporation
AVY is approaching our first resistance at 99.97 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 91.37 (50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our resistance and we might see a corresponding drop in price.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.