Where are hedge fund managers pricing their fibonacci's?
Quick notes:
Fibonacci major resistance at 61.8% - good sign
RSI back to par
Stochastic crossover below lower threshold
MACD may swing back to crossover but need more information.
Resistance at 50d moving average
Using 1h chart because things are happening VERY QUICKLY on this stock.
Psychologically at 50 cents is a natural barrier because we know that prices are not completely logical and they fluctuate around psychology where large fund managers will set exit and entry limit prices to make sure they are 'limiting their risk/downside"
SO WHERE DO THEY PUT THEIR MARKS?
50 cents on the chart had natural resistance and on the most recent climb we can see resistance jumps in increments
Resistance at .50, .60, .70, .80
Then we heard good news about their trials and it DOUBLED from .8 to ~1.6 which a DOUBLE is that good for a fund manager!? YES!! SELL SELL SELL SELL PANIC PANIC FOMO LOOSE MONEY EVERYONE SELLS
"GREAT! now we just made double our money, sold everything, now it has dropped back to our original price or just about ~.9 (let's increase it just a bit to not be predictable about our .8 resistance), and now let's double it again ! Now we have made quadruple our money in 10 days! WEEEE"
A favorite buy back is at a 61.8% retracement, while the volatility here shows that it can easily drop all the way down to .74 at the 78.6% fibonacci... it is unlikely and we will see consolidation until the big guys have their shares and then we will see this cycle repeat itself right back up to 1.8 or even 2! AND THEN MAJOR RESISTANCE SELL SELL SELL PANIC
RINSE & REPEAT.
Quick notes:
Fibonacci major resistance at 61.8% - good sign
RSI back to par
Stochastic crossover below lower threshold
MACD may swing back to crossover but need more information.
Resistance at 50d moving average
Using 1h chart because things are happening VERY QUICKLY on this stock.
Psychologically at 50 cents is a natural barrier because we know that prices are not completely logical and they fluctuate around psychology where large fund managers will set exit and entry limit prices to make sure they are 'limiting their risk/downside"
SO WHERE DO THEY PUT THEIR MARKS?
50 cents on the chart had natural resistance and on the most recent climb we can see resistance jumps in increments
Resistance at .50, .60, .70, .80
Then we heard good news about their trials and it DOUBLED from .8 to ~1.6 which a DOUBLE is that good for a fund manager!? YES!! SELL SELL SELL SELL PANIC PANIC FOMO LOOSE MONEY EVERYONE SELLS
"GREAT! now we just made double our money, sold everything, now it has dropped back to our original price or just about ~.9 (let's increase it just a bit to not be predictable about our .8 resistance), and now let's double it again ! Now we have made quadruple our money in 10 days! WEEEE"
A favorite buy back is at a 61.8% retracement, while the volatility here shows that it can easily drop all the way down to .74 at the 78.6% fibonacci... it is unlikely and we will see consolidation until the big guys have their shares and then we will see this cycle repeat itself right back up to 1.8 or even 2! AND THEN MAJOR RESISTANCE SELL SELL SELL PANIC
RINSE & REPEAT.