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Mar 11, 2019 9:05 AM

BP approaching support, potential bounce!  Long

Kroger Company (The)NYSE

Description

BP is approaching our first support at 23.73 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 27.11 (horizontal pullback resistance,38.2% fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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