50% fib atm...
62 high - 24 low = 38 cents
38 x 50% = 19 cents
62 - 19 = 43cents
Fibonacci theory says we should see buyers at 38%, 50%, 62% and 100%.
38% failed.
50% -> 43cents is next.*
* note half a cent is considered acceptable, so 43.5 made sense.
however 50% may not hold of course. ( to state the obvious )
My main optimistic thought is see the trading outside the bollinger bands which is abnormal and can actually result in a quick rebound....but then again, I would be optimistic... as I hold.
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