WOODIE PIVOT POINT
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Graincorp (ASX:GNC) current pivot point (Woodie) is:
The current resistance levels are:
The current support levels are:
One of the key differences in calculating Woodies Pivot Point to other pivot points is that the current sessions open price is used in the PP formula with the previous sessions high and low.
Calculation: Woodie Pivot Point:
1) R2 = PP + High – Low;
2) R1 = (2 X PP) – Low;
3) PP = (H + L + 2C) / 4;
4) S1 = (2 X PP) – High;
5) S2 = PP – High + Low – Closing Price – High – Low;
PROFILE: Graincorp (GNC.AX)
Stock Exchange: ASX
Ticker Codes: | GNC.AX | ASX:GNC |
GrainCorp Limited operates as a food ingredients and agribusiness company. It operates through four segments: Storage & Logistics, Marketing, Malt, and Oils. The Storage & Logistics segment receives, transports, tests, and stores grains comprising wheat, barley, canola, and sorghum, and other bulk commodities, as well as stores and exports/imports grains and other bulk commodities. The Marketing segment is involved in marketing grain and agricultural products; and the operation of grain pools. The Malt segment produces malt products; offers brewing inputs and other malting services to brewers and distillers; sells farm inputs; and exports malt. The Oils segment is involved in processing and crushing oilseeds; supplying edible oils and feeds; and operating bulk liquid port terminals, as well as the provision of storage, packaging, transportation, and logistics services. It has operations in Australia, New Zealand, Asia, North America, the United Kingdom, and Europe. GrainCorp Limited was founded in 1916 and is based in Sydney, Australia.
Woodie Pivot PointDownload
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