Hoots I didn't think 50% was a fib level anyway...a reversal between the 50% and 61.8% fib level is a typical reaction and is not negative. Volume in $ terms is low, duh, because the share price is low and the share issue is low. Volume when compared to typical PLV volume is the relevant thing and by volume we are talking no. of shares. I'm not sure that volume is low when we look at PLV volumes of the last years.
Anyway, I don't know why I am posting TA stuff when I am crap at TA although I am a believer in it when it is done well. Very few people I have ever met have been good at it.
Add to My Watchlist
What is My Watchlist?