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.
Note: This Boards objective, is to make MONEY for its readers, by ALERTING them to stocks that are ready to Buy, before they have their move-up and their "RUN".
Had you bought just 5 Million shares at 0.0002 for a Cost of just $1,000 like I did your 5 Million shares could have been Sold at a conservative $0.050 for $250,000 <------------- on the climb to $0.1309
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Verified Profile 01/2020
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KNOS Security Details Share Structure Market Value1..........$4,681,817 a/o Mar 17, 2020 Authorized Shares..500,000,000 a/o Feb 29, 2020 Outstanding Shares 487,689,291 a/o Feb 29, 2020 -Restricted...........257,825,658 a/o Feb 29, 2020 -Unrestricted.........229,863,633 a/o Feb 29, 2020 Held at DTC............Not Available Float..............Not Available Par Value 0.001
Authorized Shares, has No Bearing on the price.
The Shares Authorized, is not used in any fundamental of financial calculation, to determine company value.
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