Eden Energy (EDE)

Download button icon Download

Eden Energy (EDE): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Eden Energy (EDE.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.


Eden Energy (ASX:EDE) : The current Fibonacci Fan levels are:
(23.61%) $0.08
: (38.2%) $0.08
: (50%) $0.08
: (61.8%) $0.09

The current support levels are:
(78.6%) $0.09
(100%) $0.1
(138.2%) $0.11
(161.8%) $0.11
(261.8%) $0.14
(423.61%) $0.18



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: Eden Energy (EDE.AX)


Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | ASX:EDE |

About Eden Energy (ASX:EDE):

Eden Innovations Ltd. provides various clean technology solutions. The company offers EdenCrete, a carbon nanotube enriched admixture for concrete; and OptiBlend, a retrofit dual fuel kit for diesel generator sets. It also provides Pyrolysis, a technology to produce carbon nanotube, and carbon nanofibre and hydrogen; Hythane, a blend of hydrogen and natural gas; and EdenPlast, a CNT enriched polymers and plastics. The company was formerly known as Eden Energy Ltd. and changed its name to Eden Innovations Ltd. in November 2016. Eden Innovations Ltd. was incorporated in 2004 and is based in Perth, Australia.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
BOC Bougainville Copper 0.19 15.2 2,000 -0.07 BEARISH
MPP Metro Performance Glass 0.5 11.1 6,500 -0.31 BEARISH
TNG Tennant Creek Gold 0.1 10 1,609,390 -6.88 BEARISH
IPD Impedimed 0.23 9.5 320,708 -0.55 BEARISH
FRI Finbar International 0.82 9.3 29,707 -0.2 BEARISH
URF Us Masters Residential Property Fund 1.35 7.6 27,611 -0.09 BEARISH
YAL Yancoal Australia 3.58 6.2 15,958 -4.84 BEARISH
SGR The Star Entertainment 4.58 5.3 3,025,465 -2.15 BEARISH
EPW ERM Power 1.65 5.1 110,867 -1.48 BEARISH
ANG Austin Engineering 0.22 4.8 1,029,374 -0.07 BEARISH
back to top