Thursday, October 15, 2020

$MRC's 61.8% Fibonacci

 After a 17.90% run for the past two days, the stock now retraced 5.19%. Is this just a temporary rest? Or is 0.41 its top for now and the stock will continue its pull back by tomorrow? 

For those who are thinking of entering this stock, you can use either 50% or 61.8% Fibonacci retracement as your entry points: 0.32 or 0.30. 



 

1 comment:

RChavez said...

With a volume 189.6 million higher, the stock made a new 52 week high. When it touched that 0.3850, that's a "buy signal" to me.