RE: t/a says 50dma broke sell sell sellNo offence, but I believe the proper way to use the fibs is to start from the last candle to break the trend, which is between the 16th and 23 of dec depending on how you read candles. Either way on a stocks like this the levels are darn close but not to the penny. If you follow your logic we bounced off the 50% level , if you follow mine it is the 61.8. Either way, it is what it is, and the closing price indicated a bounce, where we go from here is up to the market to decide.
If I was a basher with out a position I would be buying now.