Using Moving Averages, and Fibonacci retracements and extensions
- As seen on the left side of the chart, the HOLY golden cross occurred which shows a very bullish move
- The 50 day moving average continues to be above the 200 day moving average (VERY GOOD SIGN)
- As seen using the fibonacci retracement tool, there is strong support at the $1.89 marker
- This pattern should lead to a strong uptrend and our Target 1 should be at the $2.10
- The 50 day moving average continues to be above the 200 day moving average (VERY GOOD SIGN)
- As seen using the fibonacci retracement tool, there is strong support at the $1.89 marker
- This pattern should lead to a strong uptrend and our Target 1 should be at the $2.10
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This projection was spot on!! Hope this stock can make it to the $2.10 mark!