Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You've been watching a stock as its price has risen from $77 to $100 per share. You think this is a short-term correction and decide

image text in transcribed
You've been watching a stock as its price has risen from $77 to $100 per share. You think this is a short-term correction and decide to create Fibonacci retracements. What is the resistance level for a 38.2% retracement? $85.79 $87.23 $91.21 $88.50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting

Authors: Colin Drury

8th edition

978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887

Students also viewed these Finance questions

Question

What is the evidence that dark matter exists?

Answered: 1 week ago

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago