Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Ausdrill (ASX:ASL) current pivot point is: $ 1.627.
The current resistance levels are:
The current support levels are:
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: Ausdrill (ASL.AX)
Stock Exchange: ASX
Ticker Codes: | ASL.AX | ASX:ASL |
Ausdrill Limited operates as an integrated mining and energy services company worldwide. It operates through Drilling Services Australia, Equipment Services and Supplies, Contract Mining Services Africa, and All Other segments. The company is involved in the reverse circulation, diamond drilling, rotary air blast, and air core drilling; geochemical and precious metals analysis; production and monitoring of bores, as well as depressurization and dewatering, and surface hole drilling; and procurement and supply of exploration equipment, parts, and consumables. It also engages in the drill and blast, and grade control drilling; earthmoving equipment rental business; mine development and civil works; grade control; manufacture and supply of blast holes and RC hammers, bits, drill rods, spares, and equipment; manufacture of bulk explosives; and provision of blasting services. In addition, the company is involved in the clearing, pre-strip, access, and haul road construction, excavation, loading, hauling, dumping, and equipment hire; underground mining; design, manufacture, and maintenance of blast hole, RC and diamond drill rigs, and support and ancillary equipment; and sale and rental of pressure, flow, and well control equipment for the oil and gas industry. Further, it engages in drilling and servicing oil and gas wells; and design, drilling, installation, testing, and commissioning of telecom and underground power networks. Ausdrill Limited was founded in 1987 and is based in Canning Vale, Australia.
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