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Dec 6, 2018 9:29 AM

BAX Reversed Off Resistance, Potential Further Drop! Short

Baxter International Inc.NYSE

Description

BAX reversed off its resistance at 70.14 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where price could fall further to its support at 64.90 (61.8% Fibonacci retracement).
Stochastic is pproaching its resistance at 97% where a corresponding drop could occur.
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