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

Pivot Points

Score

-1.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 97 3.7 0.38% 0.49% 4.0% -3.3% -97.3%
SHORT 97 5.9 0.51% 0.74% 3.9% -4.3% -88.0%

Summary

Technical Analysis

Altura Mining (AJM.AX)


Indicator:

PIVOT POINT


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) current pivot point is: $ 0.108.
The current resistance levels are:
(R1) $0.111
(R2) $0.113
(R3) $0.116

The current support levels are:
(S1) $0.106
(S2) $0.103
(S3) $0.101



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


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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