$MPIX
From a high of .02 to yesterday's low of 0.0076
is a retrace of 61.8%.
In case you are interested in the Fibonacci retrace numbers,
61.8% is one of them.
Here are ALL of them....
Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%
Up from here.
Strong stock.
New management.
Getting ready to rumble.
After the low of .0076, the stock climbed back up and closed at .0094 - if you are interested in candles, this is similar to a bullish engulfing candle, wiping out the previous loss, and preparing for the next move up.
This isn't rocket science - we are about to go past .02
prof
