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Posted on 9/16/20 at 5:48 pm to LSUFrosty
quote:
What are the .382 and .618 indicating?
those are fibanacci retracements (above my pay grade)...maybe someone else can explain those better than me
all of major moving averages have converged on the current stock price. the averages "tend" to attract or repel a stock price if plotted on a chart like that. what the current situation means generally is that FSLY has traded in a range long enough for the averages to catch up. it is "coiled" as they say...
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