Saddle Ranch Media Inc (SRMX)

[TheBigMozey]

SRMX - again, if you look at the fibonacci lines, it's stalling right where it's supposed to.
And the bids are strong at the lines of the fibonacci gauge.
I'm not saying it's exact, but more often than not, if you look at the action of the price of the stock, it does coincide with the numbers put out by Fibonacci numbers.
In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.
They are what life revolves around.
If the price stays within the Fibonacci charts, it's a very good sign of things in the future.
If it breaks below the Fibonacci lines, it's not good.
If it breaks above the Fibonacci lines, it's a sign of higher prices to come.

Easy peasy
Happy trading.
Cheers
SRMX