RRS range resources limited

fib ratio

  1. 1,538 Posts.
    lightbulb Created with Sketch. 3
    Chart show over bought. All lines (CMO,RMI, RSI, etc) hit the ceiling (>80 on scale, too much) . Should see retracement soon.

    Test Fib retracement.
    Fibonacci Calculator
    High:8.4 Low: 3.5
    Retracement
    23.6% = 7.2 (7.3 nearly done)
    38.2% = 6.5
    50.0% = 5.9
    61.8% = 5.3
    78.6% = 4.5
    100.0% = 3.5 impossible

    This is my view and guess by chart/Fib only. I can be wrong . Plse DYOR and good luck to long term holders.
 
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