Fastbrick Robotics (FBR)

Fastbrick Robotics (FBR.AX)

Indicator:

DEMARK PIVOT POINT

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.

Fastbrick Robotics (ASX:FBR) current pivot point (DeMark) is:
(R1) $0.133.

The current pivot point (DeMark) is:
(S1) $0.128.

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: Fastbrick Robotics (FBR.AX)

Stock Exchange: ASX
Company: Fastbrick Robotics
Ticker Codes: | FBR.AX | ASX:FBR |

Fastbrick Robotics Limited, a robotic technology company, develops and commercializes digital construction technology solutions in Australia. It engages in developing Hadrian X, a patented 3D robotic bricklaying system that handles the loading, cutting, routing, and placement of various bricks. The company is headquartered in High Wycombe, Australia.