Dongfang Modern Agriculture (DFM)

Download button icon Download

Dongfang Modern Agriculture (DFM): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Dongfang Modern Agriculture (DFM.AX)


Indicator:

FIBONACCI FANS


Signal Strength: MEDIUM
Recommendation:

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


Dongfang Modern Agriculture (ASX:DFM) : The current Fibonacci Fan levels are:
(23.61%) $1.16
: (38.2%) $1.19
: (50%) $1.2
: (61.8%) $1.21

The current support levels are:
(78.6%) $1.24
(100%) $1.27
(138.2%) $1.33
(161.8%) $1.36
(261.8%) $1.5
(423.61%) $1.74



Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance.

Calculation: Fibonacci Fans:
1) Uptrend Fan line 1: Drawn from extreme low through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme low through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme low through 50% retracement level on “invisible” vertical line Fan line;
c) Drawn from extreme low through 61.8% retracement level on “invisible” line;
2)Downtrend Fan line 1: Drawn from extreme high through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme high through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme high through 50% low retracement level on “invisible” vertical line;
c) Fan line 4: Drawn from extreme high through 61.8% retracement level on “invisible” vertical line;


PROFILE: Dongfang Modern Agriculture (DFM.AX)


Stock Exchange: ASX
Company: Dongfang Modern Agriculture
Ticker Codes: | DFM.AX | ASX:DFM |

About Dongfang Modern Agriculture (ASX:DFM):

Dongfang Modern Agriculture Holding Group Limited engages in the cultivation and sales of various agricultural produce in the People's Republic of China. The company produces citrus fruit tangerines, pomelos, navel oranges, and camellia fruits and related products. It controls 21 plantations spanning approximately 10,763 hectares in the Ganzhou City District within the Jiangxi Province. Dongfang Modern Agriculture Holding Group Limited sells its products primarily to wholesale customers. The company was founded in 2005 and is based in Brisbane, Australia.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
MLD Maca 0.98 12 3,698,813 -0.65 BEARISH
BBN Baby Bunting 2.2 10.8 535,378 -1.07 BEARISH
ASL Ausdrill 1.53 7.4 3,128,632 -0.61 BEARISH
GCY Gascoyne Resources 0.11 6.1 9,622,960 -0.32 BEARISH
GTN GTN Resources 2.12 5.5 214,772 -1.06 BEARISH
VAH Virgin Australia Holdings 0.21 5.1 140,692 -0.04 BEARISH
EVO Evolve Education 0.42 3.8 205,968 -0.13 BEARISH
OSP Osprey Medical 0.14 3.7 64,313 -0.13 BEARISH
IRI Integrated Research 2.45 3.4 239,672 -2.13 BEARISH
FIG Freedom Insurance 0.06 3.4 251,361 -0.08 BEARISH
back to top