OAU 4.00% 2.4¢ ora gold limited

fib ratio and needsnuts

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    On 15 Oct, I predicted FMS (20c) will retrace soon. But needsnuts questioned me that FMS wont retrace as he/she waiting for a retracement of THX (77c on 15 Oct) but never happened. This is needsnuts wrote:

    "nana says.... But any stock jump too much then must retrace. So FMS will do the same (see sell/buy side and guess).
    Ive been waiting weeks for thx to retrace?"
    ___________________________

    Needsnuts, I hope you have sold THX (77c) and FMS (20c) on the 15 Oct and buy back at lower later.

    Test Fib retracement (THX).
    Fibonacci Calculator
    High:78 Low: 15
    Retracement
    23.6% = 63(done)
    38.2% = 54(done
    50.0% = 46.5 (done)
    61.8% = 39 (done nicely at 40c)
    78.6% = 28c (may hit 34.5c and sideline)
    100.0% = 15

    This is my view and guess by chart/Fib only. Plse DYOR and good luck to all

 
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