Not only have you used different reference points but your fibs are upside down, too.
8.5c to 7c isn't a 61.8% retrace...
At the risk of going chart crazy - here's another one!
So yeah I've got it hitting that fib line and sitting on the 20-day EMA and just above the top of the kumo cloud. Needs to hold this support level at 6.8-7c IMO or she'll go further back.
There is also an intra-day gap between 6c and 6.4c on the 23rd of Dec that risks getting filled at this rate.
Bears are winning.
MNM Price at posting:
7.1¢ Sentiment: None Disclosure: Held
