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Feb 7, 2019 9:47 AM

CXO approaching resistance, potential drop!  Short

Description

CXO is approaching our first resistance at 125.72 (horizontal overlap resistance, 100% Fiboancci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our support at 109.68 (50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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