Upsshort
UPS is approaching resistance, potential drop! UPS is approaching our first resistance where we might see a corresponding drop to our first support. Stochastic is also approaching resistance where we might see a corresponding drop in price.
UPS approaching resistance, potential drop! UPS is approaching our first resistancce at 111.51 (horizotnal swing high resistance, 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 103.68 (horizontal pullback support, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
