Macquarie Radio Network (MRN)

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Macquarie Radio Network (MRN): Signals

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TECHNICAL ANALYSIS SUMMARY

Macquarie Radio Network (MRN.AX)


Indicator:

FIBONACCI RETRACTION


Signal Strength: MEDIUM
Recommendation:

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


Macquarie Radio Network (ASX:MRN) : The current Fibonacci Retraction levels are:
(23.61%) $1.82
(38.2%) $1.84
(50%) $1.87
(61.8%) $1.89

The current support levels are:
(78.6%) $1.91
(100%) $1.95
(138.2%) $2.01
(161.8%) $2.06
(261.8%) $2.23
(423.61%) $2.5



A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 100%,


PROFILE: Macquarie Radio Network (MRN.AX)


Stock Exchange: ASX
Company: Macquarie Radio Network
Ticker Codes: | MRN.AX | ASX:MRN |

About Macquarie Radio Network (ASX:MRN):

Macquarie Media Limited engages in the radio and associated media activities in Australia. The company owns and operates 2GB and talking lifestyle Sydney radio stations in Sydney; 3AW and talking lifestyle Melbourne radio stations in Melbourne; 4BC and talking lifestyle Brisbane radio stations in Brisbane; and 6PR radio station in Perth. The company also owns and operates radio 1278 and 3AW in Melbourne, radio 4BC and Magic 882 in Brisbane, and radio 2UE in Sydney, as well as Buyradio and Harbour radio stations. It also engages in syndicating programming content and music distribution operations, as well as the production of digital and online media through its Websites. The company is headquartered in Pyrmont, Australia. Macquarie Media Limited is a subsidiary of Fairfax Media Limited.

Top 10:

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