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 trendline Thursday and a good day Friday. Possible uptrend next week with a new high. Fibonacci retracement isn't giving good areas of support. Looking to buy when the price breaks 56.4 and finds support on an intraday chart. Ignore Fibonacci retracement.
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.