Danakali (DNK)

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Danakali (DNK): Signals

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TECHNICAL ANALYSIS SUMMARY

Danakali (DNK.AX)


Indicator:

DEMARK PIVOT POINT


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) current pivot point (DeMark) is:
(R1) $0.805.

The current pivot point (DeMark) is:
(S1) $0.785.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;


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:

Demark's Pivot Points

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EDE Eden Energy 0.08 16.9 25,070,313 0 BEARISH
APX Appen 12.46 11.5 1,806,225 -0.06 BEARISH
SHM Shriro 0.61 4.3 232,582 0 BEARISH
SAS Sky And Space Global 0.06 3.5 2,119,787 0 BEARISH
SLR Silver Lake Resources 0.49 3.2 1,676,572 0 BEARISH
FLN Freelancer 0.81 3.2 198,709 0 BEARISH
BAL Bellamys Australia 7.8 2.8 984,242 -0.01 BEARISH
AHY Asaleo Care 0.7 2.2 576,785 -0.01 BEARISH
TRS Reject Shop 2.3 2.2 156,223 -0.01 BEARISH
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