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HII Approaching Resistance, Potential Drop!

Short
Huntington Ingalls Industries, Inc. (NYSE:HII)  
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NYSE:HII   Huntington Ingalls Industries, Inc.
Trend Analysis Harmonic Patterns Chart Patterns HII hiilong hiishort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern hii hiilong hiishort forex forextrading forexsignals
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.
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