Altura Mining

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Fibonacci Extensions

Score

0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 9 31.7 0.22% 0.29% 61.4% -11.1% 45.3%
SHORT 9 43.6 0.56% 1.00% 15.1% -8.5% 33.0%

Summary

Technical Analysis

Altura Mining (AJM.AX)


Indicator:

FIBONACCI EXTENSION


Signal Strength: MEDIUM
Recommendation:

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


Altura Mining (ASX:AJM) : The current Fibonacci Extension levels are:
(23.61%) $0.13
(38.2%) $0.12
(50%) $0.12
(61.8%) $0.11

The current support levels are:
(78.6%) $0.1
(100%) $0.1
(138.2%) $0.08
(161.8%) $0.07
(261.8%) $0.02
(423.61%) $-0.05



Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.

Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;


PROFILE: Altura Mining (AJM.AX)


Stock Exchange: ASX
Company: Altura Mining
Ticker Codes: | AJM.AX | ASX:AJM |

About Altura Mining (ASX:AJM):

Altura Mining Limited engages in the exploration and development of mineral properties in Australia, Indonesia, and internationally. The company operates through Coal Mining, Lithium Mining, Exploration Services, and Mineral Exploration segments. It primarily supplies lithium raw materials. The company focuses on the development of its 100% owned Pilgangoora Lithium project located in the Pilbara region of Western Australia. It also provides drilling services to mining and exploration companies. The company is based in Perth, Australia.

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Fibonacci Extensions

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