Last week's sell-off has pushed the share price to a critical Fibonacci level at 0.618 retracement level. Share prices closed at 164.94 down by -2.32% on Friday 23-3-2018.
There are three critical price points that I would like to point out for future references
1. 166.38 - This is the first resistance that the market might react to if it's going to attempt to break out of the wedge price pattern.
2. 162.73 - First support if it fails at 166.38
3. 160.40 - Second support if it fails at 162.73
There are three critical price points that I would like to point out for future references
1. 166.38 - This is the first resistance that the market might react to if it's going to attempt to break out of the wedge price pattern.
2. 162.73 - First support if it fails at 166.38
3. 160.40 - Second support if it fails at 162.73
