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strateg1c8

2,466 Posts.

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31/07/19

10:09

Post #: 39777496
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Originally posted by happydayz ↑

BIN currently has gone from a low of 2.28 on the 15/7/19 to a high of 2.70 Last week. The last buying before it 2.70 was typical in quick rises because it has retreated just as fast, but it has reached the 51% FIB level now at 2.51, that is an approximation give a point here or two.

A low of 2.45 should see support as a prediction of a low that would be closer to that 60% FIB retrace that should see support and taking into account overall market Health.
This is not financial advice in any form or manner and no responsibility will be accepted for it being interpreted as such or acted upon as such.

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I ran this through the fib as well and will probably sell at $2.40 to stop any further losses. The .61 fib has broken at $2.474 so the next stop will more than likely be $2.225.

I tend to use this calculator - https://www.mypivots.com/investment-calculators/fibonacci-calculator with a high of $3.28 and low of $1.17

BIN Price at posting: $2.42 Sentiment: Buy Disclosure: Held
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0 Great analysis

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