Ale Property (LEP)

Ale Property (LEP.AX)

Indicator:

FIBONACCI EXTENSION

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

Ale Property (ASX:LEP) : The current Fibonacci Extension levels are:
(23.61%) $5.33
(38.2%) $5.28
(50%) $5.24
(61.8%) $5.2

The current support levels are:
(78.6%) $5.14
(100%) $5.07
(138.2%) $4.94
(161.8%) $4.86
(261.8%) $4.52
(423.61%) $3.97

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: Ale Property (LEP.AX)

Stock Exchange: ASX
Company: Ale Property
Ticker Codes: | LEP.AX | ASX:LEP |

ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. Established in November 2003, ALE owns a portfolio of around 86 pub properties across the five mainland states of Australia. All of the properties are leased to Australian Leisure and Hospitality Group Limited (ALH) for an average initial term of around a further 13 years.