Kates,
She went from 0.041 to 0.12c
The following are the fibonacci retracement level.
23.60% = 0.1014
38.20% = 0.0898
50% = 0.0805
61.80% = 0.0712
76.40% = 0.0586
I got in at the 50% and sold at the 38.20% that was why i set it at 0.087
Intraday low at the time was 0.075, and we had a rebound from there, just didn't think the 0.075 would eventually got broken. I was surprise to see that I got back in at 0.077 for the last time...didn't think it would fall that hard.
Right now we are on 61.8% retracement level. 0.7c!
So if she continue to fall, you should see 0.0586, if she does rebound tomorrow you should see 0.0805, and that was why i said 88~92 was a key resistance level all day, because it was the Fib 38.2% level.
If there is no cap raise, I see a rebound tomorrow. Daily stochastic is still positive pointing up.
VLA chart is still better than ADO, as ADO's stochastic is falling down. ADO has failed to hold 38.2% on the FIB which is 0.0679, the next retrace level is the 50% so we should see ADO to fall back to 0.0565!
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