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 RETRACTION


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 Retraction levels are:
(23.61%) $0.76
(38.2%) $0.67
(50%) $0.66
(61.8%) $0.65

The current support levels are:
(78.6%) $0.64
(100%) $0.62
(138.2%) $0.59
(161.8%) $0.57
(261.8%) $0.49
(423.61%) $0.36



A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 100%,


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 Retracements

Download button icon Download
Company Close Change (%) Volume Value Signal
LYC Lynas Corporation 1.84 11.9 10,942,144 0.16 BULLISH
TZN Terramin Australia 0.09 9.8 14,570 0.06 BULLISH
MVP Medical Developments 3.91 7.4 111,742 0.17 BULLISH
BGA Bega Cheese 5.09 7.4 1,107,047 1.37 BULLISH
NEC Nine Entertainment 1.49 7.2 17,312,234 0.56 BULLISH
BOC Bougainville Copper 0.15 7.1 5,000 0.03 BULLISH
ISU Iselect 0.8 6.7 159,619 0.05 BULLISH
IRD Iron Road 0.06 6.7 45,111 0.63 BULLISH
FDV Frontier Digital Ventures 0.51 6.3 308,940 0.09 BULLISH
ONE Oneview Healthcare 0.48 5.6 567 1.23 BULLISH
back to top