ADDY approaching resistance, potential drop! ADDY is approaching our first resistance at 118.88 (horizontal overlap resistance, 61.8% Fibonacci extension, 50%, 61.8% Fibonacci retracement, where a strong drop might occur pushing price down to our major support at 110.35 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
