BAX approaching support, potential bounce!

NYSE:BAX   Baxter International Inc
BAX is approaching our first support at 70.38 (horizontal overlap support, 23.6% fiboancci retracement, 61.8% fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.33 (76.4% fibonacci retracement ).
RSI (89,5,3) is also seeing a bullish exit where we might see a corresponding rise in price.

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