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  1. dmans
    576 Posts.
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    15/09/16
    11:20
    Post #: 19171541
    Many thanks for this!

    I think I re bought in a bit too early. Was hoping that it would bounce on 1.7c which was the 618 Fib from the previous climb in July. I never though of taking a retrace from 6 months back, and seeing where that landed.

    Taking both fib retrace on different time frames is probably a strong indication why we have seemed to bottomed and traded in the 1.4c to 1.7c area for a while now.

    Hopefully a very strong indication of a reversal from here.
    HNR Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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