Replies to post #2495 on Monarch America Inc. (fka BTFL)

[Doggo]

I have the exact same sentiment. I have a feeling that CEO Hagen might announce some kind of information about either a new executive on board or changes to the existing power structure of the company. Looks like accumulation because they know that due to all of their positive growth, this thing is going to fly upward as soon as the dust settles.

[trader53]

BTFL - S&P 500 - 50% Retrace

BTFL - S&P 500 - Charts

Chart Comparison Analysis

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120766834


Fibonacci retracement levels
apply to a bounce, or corrective advance,
after a decline.

Once a bounce begins,
chartists can identify specific Fibonacci retracement levels
for monitoring.

As the correction approaches these retracements,
chartists should become more alert
for a potential bearish reversal.

Chart shows 3M (MMM) retracing around 50% of its prior decline.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen

Elliott Wave Basics
http://stockcharts.com/help/doku.php?id=chart_school:market_analysis:elliott_wave_theory