Keep Calm and Fib Retrace

There's some chaos likely in the coming days but if we just focus on the chart it looks like PI should retrace to 0.382 level which is $101.16 and bounce up from there.

This has been a highly volatile stock going as how as 239 and as low as 61 in the last year. So, this is a high-risk play. Keep a good stop loss.

In the longer term, Impinj has great growth numbers, but the PE Ratio still looks high.