A stock recently increased in price from $26 to $42. Using, what are the primary and secondary
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Question:
| A stock recently increased in price from $26 to $42. Using, what are the primary and secondary support areas for the stock?(Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Primary support | $ |
| Secondary support | $ |
Explanation:
| Primary support = $42 [($42 26)(.382)] = $35.89 |
| Secondary support = $42 [($42 26)(.618)] = $32.11 |
I don't understand where they are getting the "theta number" (.382) & (.618)
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