WU approaching support, potential bounce!
WU is approaching our first support at 16.08 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 19.16 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension).
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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