SYB symbion health limited

Fibonacci ...

  1. 5,816 Posts.
    Hmmm ... Chart shows interesting Fibonacci study and asks questions ...

    Smedley assures the market at end of March02 that MAY financial forecasts on target ...

    Market responds positively and support for MAY rally commences taking price to Fib 161.8% level ...

    Smedley drops bomb ... admits problems exist regarding previous ann ... and details poor Jan/Feb numbers along with downgrade FY02 profit.

    MAY well and truly in damage control as Medical Mafia also exerting themselves at what is a difficult time.

    Todays weakness at 261.8% Fib level might suggest that without any positive ann in the offing, MAY seems likely to trade in this range at least for the near term.

    Chart looks like this ...

    This is only my view ... read the red stuff.
 
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