... from its high of ~$8.The next Fibonacci retracement (61.8%) would put PAL at about $3.05.
PAL around 3 would have extremely strong support. Notice that it had not a double bottom at3, not a triple, not a quadruple, but QUINTUPLE firm support at 3..http://finance.yahoo.com/q/ta?s=PAL+Basic+Tech.+AnalysisIf it gets close to 3 I'll be a big buyer. At 4 I am only going to dollar cost average in a small position until global economy gives us a better indication of future direction.
I'd like to learn more about this.
What are you using for your low to calculate?I think it should be the low in August of 2010 at around $3.00Thanks
isnt that what he said?