International Goldfields (IGL)

International Goldfields (IGL.AX)

Indicator:

FIBONACCI EXTENSION

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

International Goldfields (ASX:IGL) : The current Fibonacci Extension levels are:
(23.61%) $2.26
(38.2%) $2.24
(50%) $2.23
(61.8%) $2.22

The current support levels are:
(78.6%) $2.2
(100%) $2.17
(138.2%) $2.12
(161.8%) $2.1
(261.8%) $1.98
(423.61%) $1.78

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:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;

PROFILE: International Goldfields (IGL.AX)

Stock Exchange: ASX
Company: International Goldfields
Ticker Codes: | IGL.AX | ASX:IGL |

Cape Lambert Resources Limited engages in the investment, exploration, and evaluation of mineral properties. It primarily explores for iron, copper, gold, uranium, manganese, lithium, and lead-silver-zinc assets in Australia, Europe, Africa, and South America. The company was formerly known as Cape Lambert Iron Ore Limited and changed its name to Cape Lambert Resources Limited in November 2009. Cape Lambert Resources Limited is headquartered in West Leederville, Australia.