Retracing to 38.2%. watch out for the gap!

24 0 0
Just a note before you read my analysis: I am fairly new to technical analysis and in the learning phase, would appreciate if you could point out my mistakes!

In the chart above, I took a look at the bigger picture to start with which was a weekly view, I determined the uptrend that started in Feb 2014, Then I turned to the daily chart and used Fibonacci retracement level to determine where we stand with the current retracement. I reckon the 38.2% level will be tested in next few days and If we can not make above it, we are going to be testing the 50% level soon. I will be out of this stock by then.

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out