Will Fibonacci work on a < 10 penny stock ?
Updated
For the weekend something a little crazy. I want to find out how Fibonacci works with a penny stock below 0.1 CAD. For this I have some stocks technically analyzed and this I would like to publish, so that you also have something to look with. I am curious how this experiment will develop.
BC= Retracement (not finished I guess (C-Point))
CD= Push (next expected target (D-Point))
In this sense - good luck to all of you!
mophi
And please remember. Act according to your own plan. These are ideas to the best of your knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
BC= Retracement (not finished I guess (C-Point))
CD= Push (next expected target (D-Point))
In this sense - good luck to all of you!
mophi
And please remember. Act according to your own plan. These are ideas to the best of your knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
Trade closed: target reached
I have overlooked that the retracement has touched 0.025. Thus, the red target was deactivated and the blue is only valid 0.08. Therefore, we are already in the next Fibo with the current target of 0.12 CAD.
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