MA Approaching First Resistance, Potential Drop! MA is approaching our first resistance at 205.38 (horizontal swing high resistance (Horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 193.51 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance where we might see a potential drop in price.
