where to now., page-10

re: on its merry way to 18.00 Hi Conquest Silver,
I am no expert in determining the fibonacci points, I just get the info from experts who publish these kinds of things. some i pay for, some are free. if you go to http://www.tradingwithgods.com/ you can sign up for a free weekly newsletter about fibonacci point on major stocks on the ASX. Its a great learning tool.
with regards to ZFX, i think there may be a possibility of a sell off back to $13.50, its recent high,based on technical analysis and also fibonacci retrace. if you take the recent high of $17, and recent low of $8, thats a $9 difference, take 38.2% of that and deduct it from $17 and u should get about $13.50. So $13.50 is recent support and coincides with at 38.2% fibonacci retrace. If it does get there, it will make a great buying opportunity. Obviously, i dont base my trade decisions on fibonacci numbers alone, but it is something to be aware of. Good luck.