The stock has continued to decline for a long time, but it starts to rebound. Now explain the safe way to ride the rebound.
- Check 61.80% creation
- Draw fibonacci fan lines to connect low(begin) to next low(middle), 0%
- Check bounced up from topped fibo fan line. ** Bouncing can occur at other fibo fan lines other than the top line.
- Check golden SMAs cross up. SMA20 curve(Blue) crossed up over SMA100(Green)
- Profit cut is based on the Fibonacci fan line which bounce up occurred. That is, if the stock price drops below the related fan line, it will be sold.
1.1274 is a support point.
Next target price is 1.0001, 161.80%
Same with #Amazon. Below fibo fan line or 985 will be a next support level.
Looks it touched lowest price level this down wave.
Once over 4681, 61.80% ,this can be OK. Hope this help.
Support levels ;
1) Check upward fan line 257 ~ 260 range
2) If fail, next supports are 251 / 246
168~170, 423.60%, range is support zone.
Next supports are 1358 / 1242, 423.60%