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Barnes & Noble, Inc. Message Board

  • bos_nu bos_nu May 22, 2012 8:49 AM Flag

    will test 50% retrace today

    keep it on your short watch list but don't short at the open, you'll get burnt

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    • what's your Fib retrace starting & end point ?? I am using 4/30 high of 26(of course), and most recent low of 16.1 on 5/17/12 to divide the segment. As you can see, I am short on BKS, and try to establish a resistance line in case I really have to cover my position. Right now, the Fib 38.2% resistance is at $19.88. I know using such a short date/range for Fib is not as accurate as using a longer range, but given the most recent news developing around BKS, I don't see any price range prior to 4/30 is any good ??

 
BKS
26.29+0.06(+0.23%)Jul 31 4:06 PMEDT