CPRT approaching resistance, potential drop!
CPRT is approaching our first resistance at 56.01 (horizontal pullback resistance, 50% fiboancci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 50.72 (horizontal pullback support, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching support where we might see a corresponding drop below this level.
Stochastic (55,5,3) is also approaching support where we might see a corresponding drop below this level.
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