Pacific Ethanol (Nasdaq: PEIX) Fibonacci Retracement Levels.
Good afternoon mi amors!
Shares of PEIX is currently down 36% but I am looking at this as a potentially HUGE bottom bouncer. We love our bottom bouncers here, and currently on Level 2 there’s a lot of buys going through in the .33s. I did tweet this one at .32 and it’s on my roachy watchlist for a potentially HUGE retrace.
Remember kids, there are no guarantees that PEIX will hit these prices but I’m just giving you a gauge on the price levels that I am keeping my eyes on for a bounce!
From PEIX’s high of .55 yesterday down to today’s low of .30 the fibonacci retracement levels are as follows:
23.6% retrace = .36
38.2% retrace = .40
50% retrace = .43
The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach for some intraday alerts or to keep in touch with Papa roach and Senorita.
To learn the KISS (Keep It Simple Stupid) method of playing the penny stocks make sure that you Click “Right Here” to DOWNLOAD your very own free copy of, “A bottom feeder’s guide to surviving penny stocks.” and to be signed up for Papa Roach’s HOT stock alerts sent FREE right to your inbox!
Senorita “I love bottoms!” Roachita
This corporate profile is provided for information purposes only and should not
be used as the basis for any investment decision. We are neither licensed nor
qualified to provide investment advice. We were not paid, nor do we hold a
position in this stock. We reserve the right to buy or sell PEIX at any time
after this post.
1 Responses »
Leave a Response