Ellex Medical Lasers (ELX)

Download button icon Download

Ellex Medical Lasers (ELX): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Ellex Medical Lasers (ELX.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.


Ellex Medical Lasers (ASX:ELX) : The current Fibonacci Fan levels are:
(23.61%) $0.85
: (38.2%) $0.88
: (50%) $0.89
: (61.8%) $0.9

The current support levels are:
(78.6%) $0.93
(100%) $0.95
(138.2%) $1
(161.8%) $1.02
(261.8%) $1.15
(423.61%) $1.35



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: Ellex Medical Lasers (ELX.AX)


Stock Exchange: ASX
Company: Ellex Medical Lasers
Ticker Codes: | ELX.AX | ASX:ELX |

About Ellex Medical Lasers (ASX:ELX):

Ellex Medical Lasers Limited designs, manufactures, distributes, and sells lasers and ultrasound systems for ophthalmologists to diagnose and treat eye diseases. It offers Tango Reflex selective laser trabeculoplasty (SLT)/YAG multi-modality laser for the treatment of SLT for glaucoma, laser vitreolysis for floaters, and capsulotomy and iridotomy procedures, as well as anterior and poster YAG laser procedures; and Tango SLT/YAG combination laser for the treatment of SLT and YAG, as well as capsulotomy procedures. The company also provides iTRACK, a microcatheter for use in the minimally invasive glaucoma surgeries; Ultra Q Reflex, a YAG laser for the treatment of vitreous strands and opacities; and Ultra Q for the treatment of capsulotomy and iridotomy procedures.. In addition, it offers Integre Pro Scan, a multi-color pattern scanning photocoagulator; Integre Pro, a multi-color laser for use in the treatment of retinal disease; and Solitaire, a portable green laser for the treatment of retinal disease. Further, the company provides Eye One, a portable ultrasound platform for examination and measurement applications; and Eye Cubed, a diagnostic ultrasound system for posterior and anterior segments. Additionally, it offers a 2RT, a retinal rejuvenation therapy for the treatment of age-related macular degeneration. The company also distributes medical devices. It operates in Australia, the United States, Europe, the Middle East, Japan, Asia, South America, and internationally. Ellex Medical Lasers Limited is headquartered in Mawson Lakes, Australia.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
EWC Energy World Corporation 0.14 8 2,194,228 -0.07 BEARISH
SDA Speedcast International 3.6 7.8 1,493,714 -3.47 BEARISH
EML Emerchants 1.47 7.7 2,592,465 -0.56 BEARISH
CLQ Clean Teq Holdings 0.41 6.6 745,433 -0.12 BEARISH
BWX BWX 3.02 6.3 305,515 -2.02 BEARISH
RKN Reckon 0.69 6.2 14,462 -0.17 BEARISH
MYX Myx 0.95 6.1 7,614,272 -0.44 BEARISH
SXY Senex Energy 0.35 6.1 3,292,751 -0.14 BEARISH
GXY Galaxy Resources 2.54 5.8 3,446,812 -0.72 BEARISH
DNK Danakali 0.74 5.7 160,358 -0.19 BEARISH
back to top