Replies to post #36803 on Nexus Energy Services Inc (IBGR)

[Aktrader56]

At this time,the support and fib lines are important on the real market,
It does work on otc charting all the time,but momo news and float here can put it through these lines quickly.

But the trend lines short term show a retrace to one of are marks very close. I expect a reversal at that point.
Please do not pvt me for that #

This is JMO

[wakeupdummy]

yep,that's one way to crunch the numbers
personally i just draw a pentagram in the dirt and sprinkle some chicken blood around.
regardless last weeks big dip should prove to have been a HUGE buying opp.
like him or not,Sharp does create volatility,and that's what it's all about. after all,if a stock doesn't go down it can never rebound, a basic premise i know,but that's how money is made!
.....like they say,buy when there's blood in the street. chicken blood that is!
good luck all!
see ya at a nickle!

[peterpeter]

Fibonacci Numbers and Retrace Targets: Explained

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140213051



Fibonacci Retracements >

> The most popular Fibonacci Retracements
are 61.8% and 38.2%.

> Retracements can be applied after a decline
to forecast the length of a counter trend bounce.
These retracements can be combined
with other indicators and price patterns
to create an overall strategy.

> Retracements are based on the prior move.
A bounce is expected to retrace a portion of the prior decline.

> After a decline,
once a bounce begins,
chartists can identify specific Fibonacci retracement levels for monitoring.

> Common Retracements
The Fibonacci Retracements

Four common retracements:

> 61.8%
> 50%
> 38.2%
> 23.6%

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.

> The 61.8% retracement
can be referred to as the golden retracement.

> The 38.2% -to- 50% retracement range
would be considered moderate.

> A 23.6% retracement
is relatively shallow.





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