MEO 0.00% 0.0¢ meo australia limited

artemis, page-13

  1. 1,360 Posts.
    botchee, be there a correct answer or not to your fine question, the difference is not a lot to talk about.

    Pulling the 100% back to 78.5c lowers the fibs as such

    100% 4c lower at 78.5
    78.6% 3c lower at 67c
    61.8% 2c lower at 58c
    50% 1c lower at 52c

    Given todays resistance is hitting the wall just under 60c, it seems fitting to use the high of 82.5c for the 100%

    A quick google would suggest simply using the high and low points...
    http://www.swing-trade-stocks.com/fibonacci-retracements.html
 
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