We are following this Fibonacci channel pretty well. Considering the two zones of resistance and support shown by the rectangles, I think we could ride this 2.618 extension trend line through the end of summer. If we can bounce between the 1.618 and 2.618 extensions, we should see between $0.45 and $3.40 by the end of the year.
Downside potential is also there... If we break this 2.618, we are heading down to $0.01 to $0.02, with and end of year price between $0.06 and $0.45.
Not financial advice.
Downside potential is also there... If we break this 2.618, we are heading down to $0.01 to $0.02, with and end of year price between $0.06 and $0.45.
Not financial advice.