Gale Pacific (GAP)

Download button icon Download

Gale Pacific (GAP): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

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%) $0.39
: (38.2%) $0.39
: (50%) $0.39
: (61.8%) $0.4

The current support levels are:
(78.6%) $0.4
(100%) $0.41
(138.2%) $0.41
(161.8%) $0.42
(261.8%) $0.45
(423.61%) $0.5



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.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
BOC Bougainville Copper 0.19 19.4 2,000 -0.07 BEARISH
IFN IFN 0.48 11.8 2,647,204 -0.39 BEARISH
API Australian Pharmaceutical 1.6 8.5 4,383,227 -0.28 BEARISH
MCY Mighty River Power 3.69 7.9 1,417 -1.06 BEARISH
GRR Grange Resources 0.2 5.3 607,535 -0.06 BEARISH
GWA GWA 2.91 5.1 1,727,979 -1.09 BEARISH
VTG Vita 1.1 4.8 134,439 -4 BEARISH
FBR Fastbrick Robotics 0.12 4.3 781,711 -11.43 BEARISH
MLX Metals X 0.39 4 985,823 -4.64 BEARISH
EWC Energy World Corporation 0.14 3.7 94,654 -14.47 BEARISH
back to top