BOL 0.00% 14.0¢ boom logistics limited

is there a fibonacci afficionado out there???

  1. 1,845 Posts.
    BOL looks like it may be about to turn.

    It has had a quadruple bottom at .495 for four days running (arrow 1). Candlestick afficionados should try to contain their excitement at this development.

    The stochastic indicator is just hitting a buy signal (arrow 2).

    AND - this is the really thrilling part - there has been an exact 50% retracement from the low in July to the high in October.

    To any Fibonacci afficionados out there, my question is - Can I ignore the dip between 31 August and 5 October in calculating the Fibonacci levels? Oh and please don't tell me that 50% isn't, strictly, a Fibonacci number because I already know that.

    Thanks in advance

    Lindfield


 
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