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 242.06 to 162 193.06 (38.80%) . .
Intermediate 230.37 to 162 . 193.06 (45.43%) .
Short 198.42 to 162 . . 193.06 (85.28%)