WELL Approaching Resistance, Potential Drop!
WELL is approaching our first resistance at 72.13 (78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 67.34 (100% Fibonacci extension, 50% Fibonacci retracement).
Stochastics (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastics (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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