from Google:
Fibonacci retracements can be used to place entry orders, determine stop-loss levels, or set price targets. For example, a trader may see a stock moving higher. After a move up, it retraces to the 61.8% level. Then, it starts to go up again.
We can see from the 5 years chart on the screen on the right that the price moved from 3.29c to 17.7c (100%)
100%-61.8%= 38.2%. The question is: what is the price would be at 38.2%
17.7 - 100%
X - 38.2%
X= (17.7 multiplied 38.2) divided by 100%= 6.76c this may be the bottom I hope.
Next cap raise, page-2
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Last
1.3¢ |
Change
0.001(4.00%) |
Mkt cap ! $16.83M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $6.504K | 500.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3783228 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 174639 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ASO (ASX) Chart |