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TOPIC: Persimmon

Persimmon 19 May 2022 09:31 #1

  • longterm_view
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Back on the share analysis again, been off for ages, concentrating on the house. :woohoo:


When taking fibs, are we taking fibs from 2020 covid low, or the 2009 low? :whistle:

It's only that PSN has already gone through the 61.8% fib from 2020 low, meaning I believe (usually) a full retracement, targeting around 1550.

However, if we apply that to the DOW, 61.8% fib, the lows would be:

61.8% fib from 2020 low, DOW target 26,500.
61.8% fib from 2009 low, DOW target 18,500.

18,500 would be some target, but with all this talk of Recession, perhaps the 50% retracement around 27,500(covid low) is a more realistic target.

The 2020 covid low, tied in very well with the 2009 50% fib retracement, as attached chart.
Last Edit: 19 May 2022 10:03 by longterm_view.
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