TradingView
TradeGATEHub
Jan 8, 2019 8:36 AM

WHR Approaching Resistance, Potential Drop!  Short

Whirlpool CorporationNYSE

Description

WHR is approaching our first resistance at 125.32 (horizontal overlap resistance, 23.6% fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 92.84 (horizontal pullback support, 61.8% fibonacci retracement).
RSI (55) is also approaching resistance and we might see a corresponding drop in price.
More