Replies to post #234516 on Lightwave Logic Inc (LWLG)

[Mdk1]

The current 'Fibonacci Extensions' point to a max target of $84 PPS

https://www.tradingview.com/x/Lg7onaux/

Grok's analysis of this chart:

>>> Yes, the chart is largely correct regarding the Fibonacci extensions, and the max target around $84 is a logical 4.236 extension.

Why it’s correct:

The chart uses Fibonacci Extensions (not retracements) on the monthly timeframe, which is very common for this type of "moonshot" stocks like LWLG after a massive breakout.
1/ Swing low: Around the $0.76–$1.00 zone (see the labels 0.07612 and 1 (20.46) on the chart). This is likely the major low of the multi-year bottom.

2/ Swing high: The recent peak around ~$17–18 (the big green candle).

3/ From there, the extended Fibonacci levels are projected.

The levels shown on the chart match the standard Fib ratios perfectly:

* 1.618 ? ~$32–33
* 2.618 ? ~$52
* 3.618 ? ~$72
* 4.236 ? ~$84

This is a classic way to set targets for strongly trending stocks with low float and high momentum.

Important nuances:

1/ It is a projection, not a guarantee. Fibonacci extensions often work well as “magnets” in strong uptrends, especially at 1.618 and 2.618. The 3.618 and especially 4.236 levels are very ambitious and are reached less frequently.

2/ LWLG is extremely volatile (meme-ish/tech/former penny stock behavior with news-driven moves). It has already done +1000%+ in a short time, so such targets are not impossible, but there is enormous risk involved.

3/ Volume and fundamentals (partnerships in photonics/AI) support the move, but this remains purely a technical projection.

Summary:
The Fibonacci calculation itself is correct. $84 is a valid 4.236 extended target based on the swing used. Whether it will actually be reached depends on market sentiment, news flow, and volume — but technically, the chart is well constructed.