I am no expert.
However, the big boys do seem to be playing within the fib rules.
If we know that, we too can play.
92.5c was the reversal catalyst at the fib point I mentioned above yesterday.
As mentioned elsewhere, this was at a predetermined global time, circa at 1:07:00 yesterday (May have been
@anatol.)
This was on the back of (untested rises) thru our sector (PLS for eg) and elsewhere.
With regard to likely price targets:
We bounced twice off the 61.8 fib at 74.5c last week.
We can expect this to be hit (and hold imo) tomorrow or Fri.
(My suggested downside gap targets have all been hit over the past couple weeks.)
SO, if you are on the fence here, it would appear 74.5, could be a reasonable low/entry point.
I would nearly bet my left nut….
With that in mind, what is next?
I would think a run into $1.035 is a possible target into the quarterly imo.
Downside? I just don’t see it. The sector has bottomed imo.
We are producing now.
We have IRA contracts in place.
Our rerate has only just begun.
No way we are under a buck 31/12.
Flame away.
(20min delay)