Should be hitting support at 56.40, the closing high in June, and the 50SMA getting close. Decreasing on sideways price action, which is after such a big run-up. Also got the NASDAQ hitting its support Thursday and a good day Friday. Possible uptrend next week with a new high. isn't giving good areas of support. Looking to buy when the price breaks 56.4 and finds support on an intraday chart. Ignore .
the price broke both my support levels but a possible reversal may take place 12/12 as its starting to look oversold. If it doesnt hit support or rebound tomorrow, there will be a new support line on closing of 7/15, which is very close to the .5 on the Fibonacci retracement as well.