Eastern Goldfields

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Fibonacci Extensions

Score

-2.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 2 110.0 0.00% 0.00% 0.0% -22.8% -45.6%
SHORT 3 63.3 0.67% 1.00% 10.7% -6.4% 8.6%

Summary

Technical Analysis

Eastern Goldfields (EGS.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.


Eastern Goldfields (ASX:EGS) : The current Fibonacci Extension levels are:
(23.61%) $0
(38.2%) $0
(50%) $0
(61.8%) $0

The current support levels are:
(78.6%) $0
(100%) $0
(138.2%) $0
(161.8%) $0
(261.8%) $0
(423.61%) $0



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: Eastern Goldfields (EGS.AX)


Stock Exchange: ASX
Company: Eastern Goldfields
Ticker Codes: | EGS.AX | ASX:EGS |

About Eastern Goldfields (ASX:EGS):

Eastern Goldfields Limited operates as a gold exploration and production company primarily in Australia. It owns 100% interest in the Davyhurst and the Mt Ida gold projects, which are located to the north-west of Kalgoorlie. It also holds interests in Siberia, Riverina, Callion, Waihi, and LOI projects. The company was formerly known as Swan Gold Mining Limited and changed its name to Eastern Goldfields Limited in December 2015. Eastern Goldfields Limited is based in Balcatta, Australia.

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