Imdex (IMD)

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Imdex (IMD): Signals

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TECHNICAL ANALYSIS SUMMARY

Imdex: The current Fibonacci Extension levels are:
(23.61%) $1.07
(38.2%) $1.1
(50%) $1.12
(61.8%) $1.14

The current support levels are:
(78.6%) $1.18
(100%) $1.22
(138.2%) $1.29
(161.8%) $1.33
(261.8%) $1.51
(423.61%) $1.81



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: Imdex (IMD.AX)


Stock Exchange: ASX
Company: Imdex
Ticker Codes: | IMD.AX | ASX:IMD |

About Imdex (ASX:IMD):

Imdex Limited engages in the minerals business worldwide. The company engages in the manufacture, sale, and rental of down hole instrumentation, drilling fluids and chemicals, solids removal technologies, and related equipment, as well as the provision of cloud-based data management solutions to the mining and mineral exploration industry. It also provides data solutions and geo-analytics services under the AMC and REFLEX brands to exploration, development, and production companies in the minerals sectors. The company was formerly known as Pilbara Gold NL and changed its name to Imdex Limited in July 1985. Imdex Limited was incorporated in 1980 and is headquartered in Balcatta, Australia.

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