Rejuvel (NUUU) Penny Stock, Attempts To Make A Classic Text Book Retracement
Rejuvel ( NUUU ) Penny stock attempts to make a classic text book retracement. Almost never heard of in pennyland, the fundamentals of trading. As it currently sits, Rejuvel trading under the symbol NUUU is making a classic retracement after a furious sell off approximately two weeks ago. It is almost unheard of in the penny world, using trading fundamentals to gain an edge while trading stocks. It appears that this one has buck the trend and following it to a tee. So far so good, it has impressively stuck to the Fibonacci 50% retracement rule. With this being said, one can expect to see exponential gains in NUUU in the coming days. Given such low float of 100M shares. I wouldn't be surprise to see it break a penny by the end of July. Once the reacent high of .0041 is broken we can expect an ephoria. What is Fibonacci retracement, and where do the ratios that are used come from? By Casey Murphy | Updated February 3, 2016 — 6:39 PM EST http://www.investopedia.com/ask/a...