Fib LevelsNo idea who exactly is doing the algorithmic trading here to control the stock but they use the fib levels religiously. Each time it runs up then the previous fib level it tried to set support on becomes the new resistance. on the previous run it hit 19.24 and failed the 19.25 fib. On this last run here that might not be finished yet I was expecting it to go to about 18.78 with a possible overshoot to 18.93 then fail as they sold. Only safe thing to do here I feel is wait till it hits the bottom of the channel now at about 17.51or close to it then buy for the run. I have also shorted when it hit the top of the channel but not sure if I will do it again as they can turn it at anytime. The last upchannel only lasted two weeks though but still stayed in the longer term down channel. It can get back to 30+ easily when uranium runs but when is the big question??
N3