jackorjek

jackorjek

DUFU has been in consolidation for some quite time now. I am anticipating a short term buying opportunity until the price retests the upper channel. Once broken, another buying opportunity will present itself provided a clear RBS exists. If not, it will drop even further to complete the fibo cycle 4.23 which overlaps with fibo retracement (61.8) of the higher...

jackorjek

Im anticipating INIX to decline another wave before it climb up since there are base and open gap below. Two possible scenarios:- 1. it will climb up to the marked area where a buying position can be executed once RBS is identified in 15 mins chart. 2. another last fall to complete the fibo cycle and close the gap to buy at a lower price.

jackorjek

Managed to buy some shares at the marked price point. Confluences - Fibo retracement at 61.8 which overlapped with fibo extension for downtrend correction at 1.618. Retested trendline and climbed up. First selling point would be at 100% of fibo extension.

jackorjek

PETRONM continues to decline and broke fibo level 2.618 which means it will continue to decline to complete the fibo cycle at 4.23. If this scenario is correct, we will likely see a potential buying opportunity after the formation of double bottom along with the trendline retest. First selling point would be at 2.618 fibo or by plotting fibo retracement at 50 or 61.8.