Broo (BEE)

Broo (BEE.AX)

Indicator:

FIBONACCI EXTENSION

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

Broo (ASX:BEE) : The current Fibonacci Extension levels are:
(23.61%) $0.06
(38.2%) $0.05
(50%) $0.05
(61.8%) $0.04

The current support levels are:
(78.6%) $0.03
(100%) $0.02
(138.2%) $0.01
(161.8%) $-0.01
(261.8%) $-0.05
(423.61%) $-0.13

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: Broo (BEE.AX)

Stock Exchange: ASX
Company: Broo
Ticker Codes: | BEE.AX | ASX:BEE |

Broo Limited produces and distributes beer in Australia and China. It operates through Hospitality, Australian brewing, and Chinese brewing segments. The company offers beers under the Broo Premium Lager and Australia Draught names. It serves hotels, liquor stores, restaurants, and other licensed premises through wholesalers. The company also manages pubs and boutique brewery venues. Broo Limited is headquartered in Mildura, Australia.