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candlestickninja
Mar 19, 2019 8:30 AM

ACRS tested .382 in over sold here's the projections Long

NASDAQ:ACRS15
Aclaris Therapeutics, Inc.NASDAQ

Description

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Rp = Retracement Price and Fr = Fib Ratio
Fibonacci Extension = Rp + Rp x (1/Fr)
Fibonacci Extension = 6.57 + 6.57x(1/.382)
Further Reduced = 6.57 + 17.20 = $23-$24
This assumes .382 holds and is confirmed by some intraday closing above 7.50
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