-Gann and Fibonacci TA on INNO-
This one really surprised me this morning when it jumped past resistence at .28, but I didn't spend much time scratching my head over it. Moved quickly to .50, then fell back to close at .40, a definate breakout. Because INNO is breaking quickly, I decided to dust off my Gann and Fibonacci studies to find resistence points.
Gann: Resistence at .60, .90, and 1.20
Fibonacci: resist at .40, .65, .90, and 1.20
Interestingly, both studies point to similar resist points. Most noteworthy is Fibonacci .40, where we closed today, as well as a high of $1.20.
Kevin
(can anyone point me in the direction of Innovo fundamentals?) |
