RE: Technical traders/chartists27 Jun 2018 14:39
Hi Annesgoal, I use fibs a lot and if the move today holds, GENL is likely to creep up towards 300p (barring any adverse news items). Once it breaks that level, the 1.272 fib is around 310 which has a 95% chance of hitting and then ~325p for the 1.618 fib.
Before I get slammed by anyone, please note this is purely my opinion based on the technicals of the chart. And I am in this play atm