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

-1.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 10 42.8 0.40% 0.57% 9.1% -3.3% 13.4%
SHORT 10 31.3 0.10% 0.11% 2.3% -2.9% -24.0%

Summary

Technical Analysis

CVC (CVC.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.


CVC (ASX:CVC) : The current Fibonacci Extension levels are:
(23.61%) $2.65
(38.2%) $2.64
(50%) $2.64
(61.8%) $2.63

The current support levels are:
(78.6%) $2.61
(100%) $2.6
(138.2%) $2.57
(161.8%) $2.56
(261.8%) $2.49
(423.61%) $2.37



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: CVC (CVC.AX)


Stock Exchange: ASX
Company: CVC
Ticker Codes: | CVC.AX | ASX:CVC |

About CVC (ASX:CVC):

CVC Limited is a venture capital and private equity firm specializing in seed/startup, early venture, mid venture, late venture, emerging growth, mezzanine, and growth capital investments. It prefers to invests in fintech sector. The firm is providing investment capital to companies that engage in financing, property related investments, and packaging supplies in Australia. It operates through Private Equity and Venture Capital, and Property segments. Private Equity and Venture Capital segment invests in equity and debt investments in non-listed entities. The firm will typically invest amounts in the range of A$1million (0.79 million) to A$15 million ($11.90 million). Property segment comprises joint venture interests in the Chevron Renaissance shopping center, the Bel-Air shops. It was formerly known as Continental Venture Capital Limited. CVC Limited was founded in 1985 and is based in Sydney, Australia.

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Fibonacci Extensions

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