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EQR approaching resistance, potential drop!

Short
NYSE:EQR   Equity Residential
EQR is approaching our first resistance at 75.82 (horizontal overlap resistance, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 69.68 (50% fibonacci retraecement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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