Central Australian Phosphate (CEN)

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Central Australian Phosphate (CEN): Signals

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Summary

Central Australian Phosphate: The current Fibonacci Extension levels are:
(23.61%) $5.27
(38.2%) $5.31
(50%) $5.35
(61.8%) $5.39

The current support levels are:
(78.6%) $5.44
(100%) $5.5
(138.2%) $5.61
(161.8%) $5.69
(261.8%) $5.99
(423.61%) $6.47



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%;

Top 10:

Fibonacci Extensions

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