Looking like it might be close to time to enter here trader53, I'm just wondering if she's going back to .0007 for one last F U to everyone before running? lol Some news like LCLP would put INAR at a dime in a hurry, I'll keep an eye out for news otherwise it looks like it might make the generic run to a penny one day so I put a bid in a .0007 for now and look back in later to see how things progress.
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.