I’m so confused. The page of this stock is saying it’s all unreliable that it doesn’t have revenue etc. You claim it will reach $1 this year? Has the company changed is reliable now? Honestly I don’t really care about that whole thing.. just as long as it reaches a dollar or even 60 cents lmao. So the price target is accurate I guess? I have about 100,000 shares, I can’t afford to lose money...
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.
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