HII Approaching Resistance, Potential Drop!
HII is approaching our first resistance at 205.78 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 189.82 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is approaching resistance where we are seeing a drop below this level.
Stochastic (89,5,3) is approaching resistance where we are seeing a drop below this level.