Cardinal Resources

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Demark's Pivot Points

Score

-0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 93 5.8 0.41% 0.58% 3.7% -3.2% -68.1%
SHORT 92 4.0 0.59% 1.02% 2.6% -2.8% -11.0%

Summary

Technical Analysis

Cardinal Resources (CDV.AX)


Indicator:

DEMARK PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

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


Cardinal Resources (ASX:CDV) current pivot point (DeMark) is:
(R1) $0.338.

The current pivot point (DeMark) is:
(S1) $0.313.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;


PROFILE: Cardinal Resources (CDV.AX)


Stock Exchange: ASX
Company: Cardinal Resources
Ticker Codes: | CDV.AX | ASX:CDV |

About Cardinal Resources (ASX:CDV):

Cardinal Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Ghana. It primarily explores for gold deposits. The company's principal project is Namdini Gold project located in the Bolgatanga region. Cardinal Resources Limited is based in West Perth, Australia.

Top 10:

Demark's Pivot Points

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