Both the larger AB=CD projection and the smaller AB=CD projection, as well as the previous swing low, are in a range from about 72 to 71. My target was 71, but if stochastics get to an oversold level below 20%, I may move my target up to 72.
However, the yellow range 161.8% Fib extension and the bottom of the channel are in the 67-68 range. I'm going to keep that in mind too.
Another level of interest, but probably the least influential, is the endpoint of the yellow Head and Shoulders projection at about 70.
Meanwhile, we closed today below yesterday's close on good volume, and stochastics are not yet oversold. This is suggestive of more downside. We'll see what happens next week.
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