matt.sulli42

Fib numbers in a major downtrend?? GALE

NASDAQ:GALE   GALENA BIOPHARMA INC
One more retracement up followed by a downtrend would make fib numbers work for GALE price action. Food for thought
are you saying that price action is anything over .2? with the split thats $4/avg price. we hit .4 to set us up at an 8$ price point and should see.6 followed by 1.5? im a beginner so i hope i am making sense of all this.
pre split it got down to .25, so we would have to get to .0125 to get back to the lowest point? the highest its gotten to compare it to has been 6. i took 6 and timed it by 20 to get a $120 price point. i then decided to divide 6 by 20 to see that our current .3 price adjusted for the split takes us right to the top.
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