MA is climbing up the ladder with 61.8% retrace on each step

Looks like MA is going down to its support slope where the Kijun Sen line is also waiting at 0.017 This stock has been following a ladder with 61.8% Fibonacci Retracement on every dip. So from the higher low of 0.0140 to the higher high of 0.022, our projected retrace will be at 0.017 per share unless the Senkou Span B will support the price not to go down any further and prematurely bounce but I think, for MA to have a healthy rally, it should follow the previous retrace of 61.8%


Leave a Reply