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Jan 23, 2019 8:22 AM

CMA approaching resistance, potential drop!  Short

Comerica IncorporatedNYSE

Description

CMA is approaching our first resistance at 88.25 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 76.02 (horizontal swing low support 50% Fibonacci retracement).
RSI (55) is also approaching resistance where we might be seeing a drop below this level.
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