ACRS tested .382 in over sold here's the projections
Rp = Retracement Price and Fr = Fib Ratio
Fibonacci Extension = Rp + Rp x (1/Fr)
Fibonacci Extension = 6.57 + 6.57x(1/.382)
Further Reduced = 6.57 + 17.20 = $23-$24
This assumes .382 holds and is confirmed by some intraday closing above 7.50
Fibonacci Extension = Rp + Rp x (1/Fr)
Fibonacci Extension = 6.57 + 6.57x(1/.382)
Further Reduced = 6.57 + 17.20 = $23-$24
This assumes .382 holds and is confirmed by some intraday closing above 7.50