Gale Pacific

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 Fans

Score

-0.65

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 21 13.0 0.43% 0.56% 2.0% -2.4% -20.2%
SHORT 20 25.6 0.45% 0.64% 3.3% -2.1% 1.3%

Summary

Technical Analysis

Gale Pacific (GAP.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.


Gale Pacific (ASX:GAP) : The current Fibonacci Fan levels are:
(23.61%) $0.31
: (38.2%) $0.24
: (50%) $0.23
: (61.8%) $0.22

The current support levels are:
(78.6%) $0.21
(100%) $0.2
(138.2%) $0.17
(161.8%) $0.15
(261.8%) $0.09
(423.61%) $-0.02



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: Gale Pacific (GAP.AX)


Stock Exchange: ASX
Company: Gale Pacific
Ticker Codes: | GAP.AX | ASX:GAP |

About Gale Pacific (ASX:GAP):

Gale Pacific Limited, together with its subsidiaries, manufactures, markets, and distributes screening, shading, and home improvement products for domestic, commercial, and industrial applications primarily in Australasia, China, the Americas, the Middle East, North Africa, and internationally. The company offers fabrics for agricultural, architectural, industrial, horticultural, and mining applications under the GALE Pacific brand name; and outdoor leisure and garden products, such as shade fabrics, exterior window shades, gazebos, umbrellas, shade sails, synthetic grass, weed mats, and bird net products for crop protection, irrigation, water storage, and screening applications under the Coolaroo brand name. It also provides interior window furnishings under the Zone Interiors brand name. The company markets its products primarily to architectural, horticultural, agricultural, mining, construction, and home improvement sectors. Gale Pacific Limited was founded in 1951 and is based in Braeside, Australia.

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