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 282 to 203.75 . 243.28 (50.52%) .
Intermediate 269.18 to 203.75 . . 243.28 (60.42%)
Short 203.75 to 243.28 . . 215.9 (69.26%)