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Post# of 346635
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Fairview3777

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Fairview3777

Re: mrw21j post# 269690

Thursday, 12/05/2019 1:12:31 PM

Thursday, December 05, 2019 1:12:31 PM

Post# of 346635
I suggest you study the longer term Fibonacci Retrace Ratios...75% not unusual if SP went up too far/too fast and became way overvalued as did AMFE from April to late June, 2017. But better to now note fundamentals NEVER STOPPED GROWING WITH REVENUES. Now The SP [IMO] is now undervalued by AT LEAST 100%. THAT IS LONGER TERM VIEW.
We have a SHORT TERM CONSOLIDATION of the recent move from .038 to .076...a fast 100% move up. It looks to be about 50% as we have been in .065-.055 zone for weeks. Thanks for the question...happy to clear up.
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