TradingView
TradeGATEHub
Dec 6, 2018 9:46 AM

WELL Approaching Resistance, Potential Drop!  Short

Welltower Inc.NYSE

Description

WELL is approaching our first resistance at 72.13 (78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 67.34 (100% Fibonacci extension, 50% Fibonacci retracement).
Stochastics (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
More