Australian Pharmaceutical (API)

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Australian Pharmaceutical (API): Signals

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TECHNICAL ANALYSIS SUMMARY

Australian Pharmaceutical (API.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.


Australian Pharmaceutical (ASX:API) : The current Fibonacci Extension levels are:
(23.61%) $1.46
(38.2%) $1.48
(50%) $1.5
(61.8%) $1.51

The current support levels are:
(78.6%) $1.54
(100%) $1.57
(138.2%) $1.62
(161.8%) $1.65
(261.8%) $1.78
(423.61%) $2



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: Australian Pharmaceutical (API.AX)


Stock Exchange: ASX
Company: Australian Pharmaceutical
Ticker Codes: | API.AX | ASX:API |

About Australian Pharmaceutical (ASX:API):

Australian Pharmaceutical Industries Limited engages in the wholesale distribution of pharmaceutical, medical, health, beauty, and lifestyle products to pharmacies. The company operates through two segments, Australia and New Zealand. It also provides wholesale product delivery, marketing programs, and business advisory services, as well as retail services to pharmacies. In addition, the company purchases and sells health, beauty, and lifestyle products within the retail industry; and manufactures and owns the rights of pharmaceutical medicines and consumer toiletries. It markets its products and services under the Soul Pattinson Chemist, Pharmacist Advice, Club Premium, and Pharmacy Best Buys brand names, as well as operates as a franchisor with 462 Priceline & Priceline Pharmacy stores. Australian Pharmaceutical Industries Limited was founded in 1910 and is based in Camberwell, Australia.

Top 10:

Fibonacci Extensions

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