Joe Rabil of Rabil Stock Research discusses how he uses the Fibonacci Retracement tool to identify key levels to watch as a stock is pulling back. He shows how he finds confluence among different indicators to zero in on important areas of support. He also talks about how someone could be more aggressive with their entry in a deep oversold condition when there is confluence in place. He then analyzes the stock requests that came through this week. Send your requests to [email protected].
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