ASO 11.1% 1.0¢ aston minerals limited

from Google:Fibonacci retracements can be used to place entry...

  1. 189 Posts.
    from Google:
    Fibonacci retracements can be used to place entry orders, determine stop-loss levels, or set price targets. For example, a trader may see a stock moving higher. After a move up, it retraces to the 61.8% level. Then, it starts to go up again.

    We can see from the 5 years chart on the screen on the right that the price moved from 3.29c to 17.7c (100%)
    100%-61.8%= 38.2%. The question is: what is the price would be at 38.2%

    17.7 - 100%
    X - 38.2%

    X= (17.7 multiplied 38.2) divided by 100%= 6.76c this may be the bottom I hope.

 
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