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 63.3 to 28.58 34.02 (15.67%) . .
Intermediate 45.07 to 28.58 34.02 (32.99%) . .
Short 36.99 to 28.58 . . 34.02 (64.68%)