Fibonacci Analysis: Fibonacci analysis evaluates the short term (30 days) intermediate term (60 days) and long term trends (120 days) and retracements. Stocks that retrace 38.2% or less of a trend will usually continue the trend. Retracements exceeding 61.8% indicate a reversal. Alerts will include ABC's up/down (multiple 38% retracements) and various reversal signals.
Time FrameTrend38.2%50%61.8%
Long 398.25 to 278.94 308.88 (25.09%) . .
Intermediate 390.22 to 278.94 308.88 (26.91%) . .
Short 316.33 to 278.94 . . 308.88 (80.07%)