HP Approaching Support, Potential Bounce!
HP is approaching our first support at 40.55 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 57.23 (horizontal pullback resistance, 61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
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