TradeGATEHub

HII Approaching Resistance, Potential Drop!

Short
NYSE:HII   Huntington Ingalls Industries, Inc.
HII is approaching our first resistance at 205.78 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 189.82 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is approaching resistance where we are seeing a drop below this level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.