fibonacci for sndk

Discussion in 'Technical Analysis' started by mikecronan, Jan 27, 2006.

  1. can anyone confirm for me that today's low (62.73 was an exactly 50% retracement. also, please feel free to give any opinions.

  2. Banjo


    It was a 50% retrace. There is support @ 59.58 (60). Next around 54. I know nothing about the stock, I would leave it alone as my personal TA pkg says it looks terrible. They will down grade it. Let shorts accumulate and wait for good news blurbs if you are interested long or short it . Fib # means nothing here, support was 65. They have essentially announced that their rev will be going down.