Fibonacci Retracements
for THQI
Here's
something you don't see every day.
THQI
gaps down from well above the 38% retracement level to below the 50%
retracement level then closes strongly to the upside.
From
there, the stock continues higher, eventually filling the gap previously
created. But the stock can't seem to follow through and eventually
takes out the low formed in the 50 to 62% range.
This
is where sound money management techniques come in. If you did play
the reversal, then trailing your position with a sell stop that gets
adjusted as the stock moves higher would typically get you out at least
breakeven - hopefully higher. 
Recommended Steve Griffiths MTPredictor software - trading software that automatically identifies opportunities using Fibonacci retracements.
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