Checking Setups on Two Stocks

I have two stocks to watch today. The first one is Hess (HES), and I'm looking at both time and price support in this stock. There are two standout zones in Hess, with the first area currently being tested at the $66.72-$67.67 area. The second zone is just slightly below this at $65.34-$66.15. Both of these zones include quite a few symmetrical projections of prior declines. 

This is important in my analysis, since many swings in a stock or index will tend to be similar to others on the same chart. Also, the pink histogram below price actually represents a clustering of Fibonacci timing cycles that we are currently on top of which would also support a scenario of Hess resuming the rally....239 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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