SVL Fibonacci Retrace

By Johns Wu on Jan 11, 2006

I’m going to be studying SVL’s fibonacci retrace in real time. Here we see the classic pullback pattern. I will be watching to see if the 38.2% line will serve as an invisible support for the retrace.

I’m excited to see the power of the fibonacci retrace in real time. Hm that sounded lame.

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This entry was posted on Wednesday, January 11th, 2006 at 1:58 am and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.

3 Responses to “SVL Fibonacci Retrace”

By Space4u2go on January 11th, 2006 at 7:28 am

Depends on how you draw the lines on the chart…

e.g.

1. In the current chart and the lines you have, I believe that the stock will retrace to 50% level (where it has good support) in conjuction with other indicators such as RSI below 50, FULL STO not yet oversold.

2. If I move the Fibo line to base formation at 1.7 then it seems like the stock would retrace to 61.8% level .

Only time will tell… lets see :)

By RC on January 11th, 2006 at 10:24 am

take a look at NTO, the volume has been great on the runup. the fundamentals are also solid.

By JWU on January 12th, 2006 at 12:31 am

wow NTO is too hot for me at the moment. any tips on how to trade this thing?