RFX Charts, page-5

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Scott th Ratbag

42,758 Posts.

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31/03/21

01:03

Post #: 52157863
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Originally posted by wolfk: ↑

I am a profound believer in the significance of the Fibonacci sequence in not only nature, but the way in which we/ other investors interpret the likely movements of the stock market. I have a long term bullish sentiment on RFX and think that Fibonacci sequencing plays a part in natural breakouts in pricing.

I've seen this form of analysis be predictive in many holdings and RFX having seen highs at 10c and retreating to under 7c based on no new information. Trends and momentum are inevitably going to play a role when markets are irrational. News may mean nothing or may result in ups or downs, but in the long run I see the Fibonacci showing support at 7c and is what I believe to be a base. Take charting with a grain of salt, its not a science but an additional form of analysis. Ontop of personal beliefs and financial analysis. The technology RFX has to offer is to me, superior to any battery technology on the market and with significant IP held by RFX I think 7c is a value purchase. Despite my valuation, based on future potential being in the realms of 50c. When compared to international competitors Market Caps.

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welcome then @wolfk.... jolly glad you've bought in then.

I know very little on the fibonacci front, but maintain an active scepticism. I've had a glimpse of the fascination of numbers, yet I feel quite dyslexic in my ignorance.

I can see the application in nature and engineering, but away from such refined and carefully structured realities, the rest seems more closely explained using chaos theory, though I wouldn't pay too close attention to stochastics either.

anyway, I look forward to you helping me to understand this phenomenon.

thanks

RFX Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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