Cash Converters International

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

Fibonacci Extensions

Score

-2.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 6 79.0 0.50% 1.00% 17.5% -13.5% 12.1%
LONG 5 40.0 0.00% 0.00% 0.0% -11.8% -58.9%

Summary

Technical Analysis

Cash Converters International (CCV.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.


Cash Converters International (ASX:CCV) : The current Fibonacci Extension levels are:
(23.61%) $0.15
(38.2%) $0.16
(50%) $0.16
(61.8%) $0.16

The current support levels are:
(78.6%) $0.17
(100%) $0.18
(138.2%) $0.2
(161.8%) $0.2
(261.8%) $0.24
(423.61%) $0.31



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: Cash Converters International (CCV.AX)


Stock Exchange: ASX
Company: Cash Converters International
Ticker Codes: | CCV.AX | ASX:CCV |

About Cash Converters International (ASX:CCV):

Cash Converters International Limited operates as a franchisor of second hand goods and financial services stores under the Cash Converters brand name. The company operates through Franchise Operations, Store Operations, Personal Finance, and Vehicle Financing segments. It engages in the sale of franchises for the retail sale of second hand goods; the sale of master licenses for the development of franchises; and the retail sale of second hand goods, as well as in cash advance and pawn broking operations through corporate owned stores. It also provides personal loans; and Mon-E, which offers Internet platform and administration services for the Cash Converters network to provide small cash advance loans to their customers. The company operates 659franchised stores, including 196 stores in the United Kingdom, 83 stores in Australia, and 380 stores internationally. Cash Converters International Limited was founded in 1984 and is based in Perth, Australia.

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Fibonacci Extensions

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