[BEARISH]: Champion Iron current price has highlighted recent selling pressure. Currently, the Elders Force Index is -46.
Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.
Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;
PROFILE: Champion Iron (CIA.AX)
Stock Exchange: ASX
Company: Champion Iron
Ticker Codes: | CIA.AX | ASX:CIA |
Champion Iron Limited explores and develops iron ore properties in Quebec, Canada. Its flagship projects include the Bloom Lake mine, which consists of 114 mining claims located in QuÚbec, Canada; and the Consolidated Fire Lake North project that consists of Fire Lake North, Oil Can, Bellechasse, and Midway properties situated in northeastern Quebec. The company was formerly known as Champion Iron Mines Limited and changed its name to Champion Iron Limited in March 2014. Champion Iron Limited is headquartered in Rozelle, Australia.
Elder's Force IndexDownload
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