Renewal Fuels, Inc (RNWF)

[trader53]

RNWF - How Targets are Calculated


How Targets are Calculated

Fibonacci Numbers and Retrace Targets: Explained




________________________________________________________________


Fibonacci Numbers

http://www.stockta.com/cgi-bin/school.pl?page=fib

Fibonacci Retracements

* Golden 61.8% Retracements

* Moderate 38.2% Retracements

* Common 38.2% Retracements


Fibonacci Retracements

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen


________________________________________________________________


Fibonacci Numbers
are commonly used in Technical Analysis
with or without a knowledge of Elliot Wave Analysis
to determine potential support, resistance,
and price objectives.

The most popular Fibonacci Retracements are
61.8% and 38.2%


61.8% retracements
imply a new trend is establishing itself.

38.2% retracements
usually imply that the prior trend will continue

38.2% retracements
are considered natural retracements in a healthy trend.

Fibonacci Retracements
can be applied after a decline
to forecast the length of a counter-trend bounce.

________________________________________________________________

The 50% retracement is not based on a Fibonacci number.
Instead, this number stems from Dow Theory's assertion
that the Averages often retrace half their prior move.

50% retracement
implies indecision.

________________________________________________________________





________________________________________________________________




Buy after an Elliott Wave 5-Wave Decline










_________________________________________________________________







________________________________________________________________



Buy after an Elliott Wave 5-Wave Decline





_______________________________________________________________


Postings by trader53 to Renewal Fuels, Inc

https://investorshub.advfn.com/boards/memberpoststoboard.aspx?userid=155361&boardid=5629

_________________________________________________________________


Alerted
Sunday, 08/04/19
RNWF 0.0002
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150315927

Alerted
Thursday, 01/17/19
RNWF 0.0002
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146164324


_________________________________________________________________


Live! Charts