Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Fibonacci Extensions

Score

0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 38.6 0.38% 0.60% 6.0% -5.0% -7.3%
SHORT 8 47.0 0.50% 1.00% 18.9% -5.6% 53.2%

Summary

Technical Analysis

Maca (MLD.AX)


Indicator:

FIBONACCI EXTENSION


Signal Strength: MEDIUM
Recommendation:

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


Maca (ASX:MLD) : The current Fibonacci Extension levels are:
(23.61%) $1.01
(38.2%) $1
(50%) $1
(61.8%) $0.99

The current support levels are:
(78.6%) $0.98
(100%) $0.97
(138.2%) $0.94
(161.8%) $0.93
(261.8%) $0.87
(423.61%) $0.77



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: Maca (MLD.AX)


Stock Exchange: ASX
Company: Maca
Ticker Codes: | MLD.AX | ASX:MLD |

About Maca (ASX:MLD):

MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.

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Fibonacci Extensions

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