50% retracement, page-3

Nana
I have enjoyed your very factual and analytical posts before on MOL.

My view has a number of potential scenarios for areas of support. We have 2 forks in play. Each has areas we could look for a rebound

The fibs can be drawn from 2 bases I have selected one which coincides with pivots on both forks and this has the 50% fib just below the current SP.

Other aspects of this chart which we need to be mindful of are the 2 gaps created in the recent exuberant run. One is closed the other may yet get filled.