GREY:PCCLF - Post by User
Post by
moneymotivatoron Jan 18, 2010 7:31pm
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Post# 16692582
Tech Anal
Tech Anallooks like the technicals came through on this one definite retracement from increase in share-price.
Only questions now is how much further will it fall? Well Fibonacci would say:
Not really sure where to use high and low for range so decided to do it where there was a signifigant trend reversal from 54 cents to 33 cents and now looking at this Fibonacci retracement calculators indicates this 40 cent level should the last area of support for the time being....... after that I'm sure it could go back to 33 cents but not much downside on this one.