Finders Resources (FND.AX)
Trading: HOLD @ $0.225
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Finders Resources (ASX:FND) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
PROFILE: Finders Resources (FND.AX)
Stock Exchange: ASX
Company: Finders Resources
Ticker Codes: | FND.AX | ASX:FND |
Finders Resources Limited engages in the exploration, development, and mining of copper and gold mineral properties in Indonesia. It holds 74.1% interest in the Wetar Copper Project located on Wetar Island, Indonesia. The company was incorporated in 2004 and is based in West Perth, Australia. Finders Resources Limited is a subsidiary of Eastern Field Developments Limited.
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