Danakali (DNK)

Download button icon Download

Danakali (DNK): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Danakali (DNK.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.


Danakali (ASX:DNK) : The current Fibonacci Extension levels are:
(23.61%) $0.74
(38.2%) $0.75
(50%) $0.76
(61.8%) $0.77

The current support levels are:
(78.6%) $0.78
(100%) $0.8
(138.2%) $0.83
(161.8%) $0.85
(261.8%) $0.92
(423.61%) $1.04



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: Danakali (DNK.AX)


Stock Exchange: ASX
Company: Danakali
Ticker Codes: | DNK.AX | ASX:DNK |

About Danakali (ASX:DNK):

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. It primarily holds interests in the Colluli potash project located in the Danakil region of Eritrea. The company was formerly known as South Boulder Mines Ltd. and changed its name to Danakali Limited in June 2015. Danakali Limited is based in Subiaco, Australia.

Top 10:

Fibonacci Extensions

Download button icon Download
Company Close Change (%) Volume Value Signal
BRN Brainchip Holdings 0.13 8.3 441,758 -0.03 BEARISH
ARA Ariadne Australia 0.69 5.3 35,155 -0.06 BEARISH
CDV Cardinal Resources 0.44 4.8 93,267 -0.06 BEARISH
BEE Broo 0.08 4.2 240,104 -0.07 BEARISH
RMS Ramelius Resources 0.41 3.8 1,165,562 -0.16 BEARISH
ONE Oneview Healthcare 0.95 3.3 30,211 -0.75 BEARISH
MYX Myx 1.12 2.8 7,958,000 -0.27 BEARISH
PSI Pacific Strategic Investments 2.67 2.7 21,246 -0.58 BEARISH
MNY Money3 1.78 2.6 342,103 -0.52 BEARISH
YAL Yancoal Australia 2.83 2.5 18,792 -2.55 BEARISH
back to top