Replies to post #8785 on ~Stock Charts and OPTION plays

[4Godnwv]

ENTG annotated chart w/ fib #'s:

Hey, I'm no e-waver - but assuming that the last wave down was impulsive, then this retrace would typically run back up to the 38.2% fib which is 10.29 - seems reasonable as previous resistance is @ 10.20 and the 50dma is currently @ 10.52 - several indicators suggest a move to the upside is plausible here.