Genworth Mortgage Insurance Australia (GMA.AX)
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Genworth Mortgage Insurance Australia (ASX:GMA) : The current Fibonacci Extension levels are:
The current support levels are:
Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.
Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
PROFILE: Genworth Mortgage Insurance Australia (GMA.AX)
Stock Exchange: ASX
Company: Genworth Mortgage Insurance Australia
Ticker Codes: | GMA.AX | ASX:GMA |
Genworth Mortgage Insurance Australia Limited, through its subsidiaries, engages in the loan mortgage insurance business in Australia. The company facilitates residential mortgage lending by transferring risk from lenders to lenders mortgage insurance (LMI) providers, primarily for high loan-to-value ratio residential mortgage loans. It underwrites LMI through flow and portfolio channels. The company was founded in 1965 and is based in North Sydney, Australia. Genworth Mortgage Insurance Australia Limited is a subsidiary of Genworth Australian General Partnership.
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