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PETV Fibonacci Analysis

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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 4.46 to 1.25 . 2.75 (46.73%) .
Intermediate 2.75 to 1.59 . 2.23 (55.17%) .
Short 1.59 to 2.34 . . 1.33 (134.67%)
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