GREY:MRRCF - Post by User
Comment by
mudpuppyon Jan 16, 2019 10:47am
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Post# 29239289
RE:RE:RE:RE:Gap up this morning
RE:RE:RE:RE:Gap up this morningMeowMeowFC wrote: I don't fully grasp the whole Fibonacci concept yet. I've been doing a reading on it but I can't figure out which level we are likely to revisit. I know the bigger the movement the larger the retracements. But then there are a whole bunch of other factors to consider. Any books you recommend I read?
mudpuppy wrote: MeowMeowFC wrote: Yes I am trading and investing at the same time. If anybody has any insight into trading I would love to hear about it. I'm an open book give me your ideas. If anybody here is a successful and consistently profitable Trader, please share how you would handle this situation.
MeowMeowFC wrote:
Hard to play technicals when a company makes a deal with another company. The technicals suggest we are due for consolidation but the level two window suggest we have a lot of bidders looking to buy shares. So now the question is, are we gapping up and moving forward or are we going back down to a $1.40 where our next large bid is?
topped at the 200dma yesterday.......now looking for bottom over next few weeks. check your fibonaccis.
can't recommend any books, but I think likely to retrace 62% of run up.