Replies to post #8825 on Grapefruit USA Inc (GPFT)

[madtig6]

kinlaw -don't know re .61 but.....


You draw the fibs from the recent high to the last low, STARTING WITH THE LAST LOW, gives you the standard fibs (support)

If you draw the fibs from the last high to the recent low ( to the right of the high on chart) STARTING WITH THE RECENT HIGH you will get the RESISTANCE fibs.

As I said, I was nit picking.

The red lines represent resistance, the blue lines support.


See here:(it is crowded and somewhat hard to read)


http://stockcharts.com/h-sc/ui?s=IMGG&p=D&yr=0&mn=4&dy=15&id=p47390306876&a=188454423