Fibonacci Retracement for TIN

It doesn't get more clear cut then the price action for Temple Island.

Here the stock makes a solid 11 point move in about two months, then turns around and retraces almost exactly 50% of that upswing before continuing on to new high prices.

While a little difficult to see, the price bar at the 50% price retracement level is a reversla bar.

The stock made a new low, but closed higher then the open and higher then the previous close indicating that buyers were in control at the end of the trading period.

Recommended

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