Fibonacci & Fundamentals??? (TNI)

Using sharescope, Fibonacci retracement appears to fit or am I talking rubbish

Fundamentals look good
Major regional and national newspapers (Warren Buffet castles with moats)
Excluding internet clutter EPS in the MAT published results are 45p since slightly diluted by sale of Belfast Telegraph and purchase Southnews
If the group was broken up using the 13.9 x EBIT that Belfast Tel fetched the shares would be worth over £9
Downsides
Newsprint increase
Already a large player with competition nibbling

Anyway I got in at an average of 446p

Cheers