Australian Ethical Investments (AEF)

Australian Ethical Investments (AEF.AX)

Indicator:

WOODIE PIVOT POINT

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.

Australian Ethical Investments (ASX:AEF) current pivot point (Woodie) is:
$160.993.

The current resistance levels are:
(R1) $161.996
(R2) $165.003

The current support levels are:
(S1) $157.986
(S2) $156.983

One of the key differences in calculating Woodies Pivot Point to other pivot points is that the current sessions open price is used in the PP formula with the previous sessions high and low.

Calculation: Woodie Pivot Point:
1) R2 = PP + High – Low;
2) R1 = (2 X PP) – Low;
3) PP = (H + L + 2C) / 4;
4) S1 = (2 X PP) – High;
5) S2 = PP – High + Low – Closing Price – High – Low;

PROFILE: Australian Ethical Investments (AEF.AX)

Stock Exchange: ASX
Company: Australian Ethical Investments
Ticker Codes: | AEF.AX | ASX:AEF |

Australian Ethical Investment Ltd is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm invests in clean energy, sustainable products, medical solutions, innovative technology, responsible banking, healthcare, recycling, energy efficiency, education, and aged care. It does not invest in coal, coal seam gas, oil, weapons, tobacco, logging, exploitation, gambling, human rights abuses, and harmful products. Australian Ethical Investment Ltd was founded in 1986 and is based in Sydney, Australia.