WELL approaching resistance, potential drop!
WELL is approaching resistance at 77.41 (horizontal swing high resistance, 100% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur to our first support at 67.50 (horizontal overlap support, 61.8% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance.
Stochastic (55,5,3) is also approaching resistance.
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