SNMN Security Details Share Structure Market Value1...............$975,948 a/o Feb 28, 2019 Authorized Shares...3,000,000,000 a/o Feb 27, 2019 Outstanding Shares..1,394,211,721 a/o Feb 27, 2019 Restricted............Not Available Unrestricted..........Not Available Held at DTC...........Not Available Float........30,701,119 a/o Jun 27, 2010 Par Value
Authorized Shares, has No Bearing on the price.
The Shares Authorized, is not used in any fundamental of financial calculation, to determine company value.
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 FibonacciRetracements 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.