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PeterIs the resistance level due to the fact 5.1c/5.2c is the...

  1. oz_soarer
    589 Posts.
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    07/10/11
    13:40
    Post #: 9112204
    Peter

    Is the resistance level due to the fact 5.1c/5.2c is the 76.4% Fibonacci retracement of the recent 5.9c intraday high on 8 Sep?

    Would the next major resistance level be around that 5.9c then?

    Just interested in the technical analysis - I don't know enough about it yet but am learning.
    QFY Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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