Hmmmm someone got very defensive. So much so that they didn't even read my post properly. I stated that I follow technical analysis and even gave an example.
My query was specifically re: Fibonacci retracement and the ?mechanism on how they affect SP. I'm sceptical but willing to hear or read an explanation. Yet to find anything beyond "nature" or "golden ratio".
I don't doubt that people have made money using them, just like people can win money by flipping a coin.
PNV - Chart, page-8804
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 (20min delay)
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Last
$2.41 |
Change
0.055(2.34%) |
Mkt cap ! $1.656B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.42 | $2.36 | $2.131M | 891.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 36665 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 13636 | 49 |
View Market Depth
| Last trade - 14.49pm 18/06/2024 (20 minute delay) ? |
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Last
$2.42 |
Change
0.055 ( 2.82 %) |
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| Open | High | Low | Volume | ||
| $2.38 | $2.42 | $2.36 | 255961 | ||
| Last updated 15.08pm 18/06/2024 ? | |||||
| PNV (ASX) Chart |