Short
FIBONACCI SHORT ON GNC
Long term trend - Bearish
Medium to short term trend - Bullish
1. Rally off of lows to the 50% retracement level (middle of fibonacci retracement zone between 38.2 and 61.8); confluence with gap down around March 2014
2. Weaker volume on rally than on mark down (shown on OBV)
3. Relative strength is weak, lost about 50% of market cap last year when the S&P was positive
Medium to short term trend - Bullish
1. Rally off of lows to the 50% retracement level (middle of fibonacci retracement zone between 38.2 and 61.8); confluence with gap down around March 2014
2. Weaker volume on rally than on mark down (shown on OBV)
3. Relative strength is weak, lost about 50% of market cap last year when the S&P was positive
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.