Beadell Resources (BDR)

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Beadell Resources (BDR): Signals

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TECHNICAL ANALYSIS SUMMARY

Beadell Resources: The current Fibonacci Extension levels are:
(23.61%) $0.06
(38.2%) $0.05
(50%) $0.05
(61.8%) $0.05

The current support levels are:
(78.6%) $0.05
(100%) $0.04
(138.2%) $0.04
(161.8%) $0.03
(261.8%) $0.02
(423.61%) $0



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: Beadell Resources (BDR.AX)


Stock Exchange: ASX
Company: Beadell Resources
Ticker Codes: | BDR.AX | ASX:BDR |

About Beadell Resources (ASX:BDR):

Beadell Resources Limited operates as a gold producer in Brazil and Australia. Its primary property is the Tucano gold mine covering an area of approximately 2,500 square kilometers of gold exploration tenements located in the Amapß state, northern Brazil. The company is headquartered in West Perth, Australia.

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Fibonacci Extensions

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