CLOV: FIBONNACI GOLDEN MEAN RATIO RESPECTED!!!
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)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.