Gazal Corporation (GZL)

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Gazal Corporation (GZL): Signals

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TECHNICAL ANALYSIS SUMMARY

Gazal Corporation (GZL.AX)


Indicator:

PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Gazal Corporation (ASX:GZL) current pivot point is: $ 6.09.
The current resistance levels are:
(R1) $6.09
(R2) $6.09
(R3) $6.09

The current support levels are:
(S1) $6.09
(S2) $6.09
(S3) $6.09



Pivots Points are significant levels chartists can use to determine directional movement support and resistance. Pivot Points use the prior period’s high low and close to formulate future support and resistance. In this regard Pivot Points are predictive or leading indicators.

Calculation: Pivot Points:
1) Pivot Point (P) = (High + Low + Close)/3;
2) Support 1 (S1) = (P x 2) – High; Support 2 (S2) = P - (High - Low);
3) Resistance 1 (R1) = (P x 2) – Low Resistance 2; (R2) = P + (High - Low);


PROFILE: Gazal Corporation (GZL.AX)


Stock Exchange: ASX
Company: Gazal Corporation
Ticker Codes: | GZL.AX | ASX:GZL |

About Gazal Corporation (ASX:GZL):

Gazal Corporation Limited, together with its subsidiaries, engages in the design, manufacture, import, wholesale, and retail of branded apparels and fashion accessories in Australia. It offers casualwear, men's business shirts, and intimate and swim apparels primarily under the Van Heusen, Calvin Klein, Nancy Ganz, and Bracks brands. The company is also involved in the retail of Calvin Klein, Tommy Hilfiger, and Van Heusen products. Gazal Corporation Limited was founded in 1958 and is based in Banksmeadow, Australia.

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