price action is a showing sideways consolidation pattern. Support on the downside is located at 78.00 level, which is a crucially important long term support trend line
. Additional support is located at 77.12 level followed by 75.60. Alternatively, resistance on the upside is located at 79.63 level which is the 200 Day SMA
, followed by 80.61 and 81.66. Stochastics is currently at the oversold level.