|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Trading: HOLD @ $5.43
Signal Strength: MEDIUM
Independence (ASX:IGO) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 144099. day. During the quarter, the highest ADLINE value was 2.00263e+006.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.
Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.
Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.
PROFILE: Independence (IGO.AX)
Stock Exchange: ASX
Ticker Codes: | IGO.AX | ASX:IGO |
Independence Group NL operates as a minerals mining, development, and exploration company in Australia. The company operates through Tropicana Operation, Long Operation, Jaguar Operation, Nova Project, and New Business and Regional Exploration Activities segments. It holds a 100% interest in the Jaguar zinc, copper, silver, and gold mine that covers an area of 475 square kilometers of tenements located in Western Australia; the Long nickel mine located near Kambalda in Western Australia; and the Nova nickel and copper project located to the east of Norseman in Western Australia. The company also holds a 30% interest in the Tropicana gold mine that covers an area of 3,000 square kilometers of tenements located to the east northeast of Kalgoorlie. Independence Group NL was founded in 2000 and is headquartered in South Perth, Australia.
|UOS United Overseas Australia||0.8||9.6||110,847||48,716.5||BULLISH|
|ABC Adelaide Brighton||3.06||6.3||4,642,840||410,344.2||BULLISH|
|APE Ap Eagers Holdings||9.01||6.1||787,808||33,844.2||BULLISH|
|CDV Cardinal Resources||0.37||5.7||3,362,217||616,528.6||BULLISH|
|PSQ Pacific Smiles||1.93||4.9||23,436||7,036.2||BULLISH|
|AQG Alacer Gold Corp||7.7||4.6||226,257||68,692.7||BULLISH|
|LNG Liquefied Natural Gas||0.12||4.5||831,546||225,765||BULLISH|
|KSL Kina Securities||1.3||4.4||718,261||32,033.6||BULLISH|