December 17, 2019 — The basket of picks he presented on Tuesday come from equities analysis offered by Carolyn Boroden of FibonnaciQueen.com. They are primarily software plays that touch the e-commerce, video game and payment landscapes.
“When a bull market experiences a correction but its uptrend remains intact, we almost always see a … 127.2% Fibonacci extension of the corrective pullback. An extension is what happens when you reverse 100% of a previous swing and then rally some more on top of that,” Cramer said. “This is why Boroden loves to use these 127.2% extensions as her initial upside targets when she’s setting up a trade.”