As you can clearly see in the chart, the golden mean ratio (.886) was well respected, and resulted in a positive retracement.
In addition to the .886 being respected - the area(s) between $8.90 -> $9 which were once strong resistance in the past, were regarded as support. This has flipped the bearish sentiment, into bullish.
If you missed the entry at $9, one can value this stock as a "sale" at any price under $11.80 level.
Pay close attention to the other Fibonacci levels, in addition to the psychological resistance levels (.00 & .50), as this asset pushes upward.
PLEASE LIKE/SUBSCRIBE IF YOU LIKED THIS TA!
(This is not financial advice, and I do hold long positions in this asset)
In addition to the .886 being respected - the area(s) between $8.90 -> $9 which were once strong resistance in the past, were regarded as support. This has flipped the bearish sentiment, into bullish.
If you missed the entry at $9, one can value this stock as a "sale" at any price under $11.80 level.
Pay close attention to the other Fibonacci levels, in addition to the psychological resistance levels (.00 & .50), as this asset pushes upward.
PLEASE LIKE/SUBSCRIBE IF YOU LIKED THIS TA!
(This is not financial advice, and I do hold long positions in this asset)
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.