As a long term investor or whatever this is something one needs to know , understand and remember v well and manage the entry exit and RISK.
Just in case you missed this message.
Krispytech said: ↑
Krispytech said: ↑
rememebr
we had a move from 21 cents to 33 cents which is 12 cents.
As per FIB retracement if SGH comes back to 27 cents and tests it and keeps on closing above it, it will be considered bullish as
27 is 50% retracement of 12 cents up move from 21 cents..
Stay tuned.
Watching mode.
Looks like not many understood this message due to TA and Fibonacci retracement levels.
Very interesting price action today.
testing fib level and bouncing back above it
27
In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the keyFibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.Feb 3, 2016
