Still watching the selloff continue, haven't pulled the trigger to take a position yet. Would definitely need to see consolidation and clear sign that the trend has reversed before I make a call. Copyright Rohan Karunaratne 2020
There are so many lines on your graph. Makes it difficult to understand. What are the number inside the circle represents? Similarly what are roman number represents? Do u mind explaining how you draw the fibo levels? What was your starting point and ending point? Thanks I am new and still learning. Thanks in advance.
UnknownUnicorn4017959
⋅
@adarshsaxena, HI there, this is based on a psychological theory called "Elliott Wave" which dictates how the stock market moves in a series of waves. If you are interested just give that a google search, and there are plenty of great resources.
Farmoghim
⋅
Do you think around $50 would be a good entry point for long term? What’s your long term target?
UnknownUnicorn4017959
⋅
@financialMeerk951 long term I think companies like Fastly are bullish, but they really need a correction, back in March Fastly was around 10 bucks, and it almost 10x in 6 months. I'm interested in Fastly around 50, but will wait for more consolidation. I will continue to post updates on my page daily if this becomes a more compelling buy.