IP is approaching our first resistance at 49.59 (horiozntal overlap resistance, 38.2%, 50% fibonacci retracement) where a strong drop might occur below this level to our first support at 37.78 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might be seeing a corresponding drop in price.
IP is approaching our first resistance at 49.59 (horizontal pullback resistance, 50%, 38.2% fiboancci retracement) where a strong drop might occur below this level pushing price to our major support at 37.78 (horizontal swing low support).
Stochastic 21,5,3) is also approaching resistance where we might see a corresponding drop in price.
