"As that will coincide with one of the many fib lines of one of the many fib calculations then I guess you'll have to give the credit to fibonacci"
If you find a point where a stock finds support or retraces I can find a fibonacci line to suit.
The problem with fibonacci is not so much in his wisdom but how many chartist apply that wisdom AFTER the event.
I have zero idea where support will be on this chart because there isn't sufficient history of crowd behaviour to make an assessment on where they want to buy and where they want to sell.
We are creatures of habit and like to repeat hence we can chart patterns.
Using fib lines at the moment is akin to throwing a dart at the board imo.
At this stage we can bet on one of two things.
good assay results and 20c + most likely.
bad assay results and back to 4c most likely.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
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Price($) | Vol. | No. |
---|---|---|
3.0¢ | 136080 | 2 |
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No. | Vol. | Price($) |
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8 | 1905999 | 0.026 |
6 | 1243000 | 0.025 |
3 | 1291708 | 0.024 |
1 | 23076 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 136080 | 2 |
0.031 | 116471 | 1 |
0.032 | 600 | 1 |
0.034 | 255558 | 2 |
0.035 | 51000 | 1 |
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