Forward trend Fib Analysis - can 100% gain be repeated.
Long term forward Fibonacci trend analysis based on the rise from 3.5p and the retracement from intraday ATH 45p down to 14p floor.
Similar analysis on a bull flag that recently emerged 14 > 25.5 > 23 has so far yielded 100% on the fib scale.
Awesome Oscillator and vanilla RSI showing that this rally has some longer legs and has momentum to continue.
If the long term trend follows the shorter term bull flag scenario, 100% fib gives a target of 55.66p
Not investment advice - always do your own research.
Thanks for reading. I welcome your thoughts.
Similar analysis on a bull flag that recently emerged 14 > 25.5 > 23 has so far yielded 100% on the fib scale.
Awesome Oscillator and vanilla RSI showing that this rally has some longer legs and has momentum to continue.
If the long term trend follows the shorter term bull flag scenario, 100% fib gives a target of 55.66p
Not investment advice - always do your own research.
Thanks for reading. I welcome your thoughts.
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