CLOV: FIBONNACI GOLDEN MEAN RATIO RESPECTED!!!
As you can clearly see in the chart, the golden mean ratio (.886) was well respected, and resulted in a positive retracement.
In addition to the .886 being respected - the area(s) between $8.90 -> $9 which were once strong resistance in the past, were regarded as support. This has flipped the bearish sentiment, into bullish.
If you missed the entry at $9, one can value this stock as a "sale" at any price under $11.80 level.
Pay close attention to the other Fibonacci levels, in addition to the psychological resistance levels (.00 & .50), as this asset pushes upward.
PLEASE LIKE/SUBSCRIBE IF YOU LIKED THIS TA!
(This is not financial advice, and I do hold long positions in this asset)
In addition to the .886 being respected - the area(s) between $8.90 -> $9 which were once strong resistance in the past, were regarded as support. This has flipped the bearish sentiment, into bullish.
If you missed the entry at $9, one can value this stock as a "sale" at any price under $11.80 level.
Pay close attention to the other Fibonacci levels, in addition to the psychological resistance levels (.00 & .50), as this asset pushes upward.
PLEASE LIKE/SUBSCRIBE IF YOU LIKED THIS TA!
(This is not financial advice, and I do hold long positions in this asset)
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