CNP 0.00% 4.0¢ cnpr group

fib works well

  1. 1,534 Posts.
    lightbulb Created with Sketch. 3
    CNP has completed 61.8% (35c) up from L24 an H43. Today 35 hit double top with a black candle which shows sign of retreat. First, I though it will hit 78.6% level (38.5) but look like it cant. That is why when seller blocked heavily on sell side that I decided to get out @34c yesterday.
    So, if it cant beat 35 in the coming days (I think it cant by look at sell/buy side) then a downtrend levels can be tested as follows:

    Fibonacci Calculator
    High: 35 Low: 24
    Retracement
    23.6% = 32
    38.2% = 30.5
    50.0% = 29.5
    61.8% = 28
    78.6% = 26
    100.0% = 24

    This is my view and guess by using chart/Fib only, can be right and WRONG. Plse DYOR and good luck


 
watchlist Created with Sketch. Add CNP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.