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Replies to #117 on Fuyi Technicals

Fuyi

08/05/13 9:10 AM

#119 RE: Chas1961 #117

Hey Chas,

That is a bit of a difficult chart for me to read. It has had a ton of pivot highs.
I would agree with what you said.
As far as if it retraces, I would say anywhere around the $3.45 to $3.50 area IMO.

Using the fibs from .68 low to 5.73 high gives me a .618 master support level around the 2.65 to 2.75 range.

Good luck brother, like I said this is a hard one to chart. Sorry about that.
Let me know if you have others.

Fuyi

08/05/13 9:12 AM

#120 RE: Chas1961 #117

I see se resistance around $4.10 so your $4 sell would be sweet.