MARA --- retracing point.... FIB CHART 618
Updated
MARA will stall at some point...as it has run up too much.
FIB eventually RETRACES to 618 levels or to CLOSE A GAP that was seen earlier....
at that time it will also be near the 50 MA
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Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
KEY: 50-day moving average
Stock price above the 50-day moving average is considered bullish. Stock price below 50-day moving average is considered bearish. If the price meets the 50 day SMA as support and bounces upwards, you should think long. Stock price meets the 50-day SMA as resistance and bounces downwards, you should think short.
FIB eventually RETRACES to 618 levels or to CLOSE A GAP that was seen earlier....
at that time it will also be near the 50 MA
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
KEY: 50-day moving average
Stock price above the 50-day moving average is considered bullish. Stock price below 50-day moving average is considered bearish. If the price meets the 50 day SMA as support and bounces upwards, you should think long. Stock price meets the 50-day SMA as resistance and bounces downwards, you should think short.
Note
MOMENTUM AND PSYCHOLOGY IS ALWASY PRESENT IN STOCKS..... thats is why it gets pushed higher and higher in excitement of $$ (ie. TESLA, WHICH IS WAY BEYOND THE TECHNICALS...AND OVERBOUGHT...) or pushed lower and lower in fear of selling during a falling knife. sharp long red signals.
Disclaimer
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