Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: Persimmon

Persimmon 19 May 2022 09:31 #1

  • longterm_view
  • longterm_view's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 324
  • Thank you received: 291
  • Karma: 10
Back on the share analysis again, been off for ages, concentrating on the house. :woohoo:

Persimmon.

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.
Attachments:
Last Edit: 19 May 2022 10:03 by longterm_view.
The administrator has disabled public write access.
Moderators: remo

Time to create page: 0.334 seconds