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Re: TCU Frog Fan post# 9940

Wednesday, 09/21/2016 4:04:40 PM

Wednesday, September 21, 2016 4:04:40 PM

Post# of 65976
I do think we're close to bottom. I'm looking at Support/Resistance based off the Fibonacci Retracement levels. I have support at $0.0050 and resistance at $0.01. Once it broke through previous support at $0.01, it was a LOOONG way down to the next support level. Everything from $0.01 to $0.0050 is between two very large support and resistance levels. That's why you really never want to see a stock cross the 78.60% level on the Fibonacci Retracements.

So I think we're either at bottom or very, very close to it. I don't think it crosses 100% on the Fibonacci. That would be an insane tanking!
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