47.5 is heading into oversold territory. 60 is neutral and 80 is overbought. I also know fibonacci very well. I can tell you exactly that i’ve noticed when a company hits over 50% in retracement then most of the time it bounces up again, which is the way pennant formations work. It done it before with this stock. We are just around the corner of Mt. Remarkable drilling the SP would be absolutely foolish not to move upwards before then.
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