RE:RE:RE:RE:Re: 38% Fibonacci retracementThanks Alpaha. But when you say it may or may not hold at these levels I don't see how that can be helpful. In any case I'm holding for a year or two unless we get terrible news out of Spectra7.
alphabeta1 wrote: These levels 38.2% , 50% , 61.8% are number that I have seen where stocks retrace to.
Sometimes they hold the price there some times they don't.
We are at the bottom end of the retracement so it should provide some support, but a bad day in the market, no news in Spectra7 may or may not move the stock lower.
I would hate to see it drift lower because the company has so much going for itself and NO ONE wants to see no support for this company.
Just to add.
It is a kind of technical trading system that some of us use as to where potentially a stock might pull back. Of course we use other like RS and MACD to give us our timing signals.