Neometals (NMT)

Download button icon Download

Neometals (NMT): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Neometals (NMT.AX)


Indicator:

FIBONACCI FANS


Signal Strength: MEDIUM
Recommendation:

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


Neometals (ASX:NMT) : The current Fibonacci Fan levels are:
(23.61%) $0.35
: (38.2%) $0.27
: (50%) $0.26
: (61.8%) $0.26

The current support levels are:
(78.6%) $0.24
(100%) $0.23
(138.2%) $0.18
(161.8%) $0.17
(261.8%) $0.1
(423.61%) $-0.03



Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance.

Calculation: Fibonacci Fans:
1) Uptrend Fan line 1: Drawn from extreme low through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme low through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme low through 50% retracement level on “invisible” vertical line Fan line;
c) Drawn from extreme low through 61.8% retracement level on “invisible” line;
2)Downtrend Fan line 1: Drawn from extreme high through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme high through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme high through 50% low retracement level on “invisible” vertical line;
c) Fan line 4: Drawn from extreme high through 61.8% retracement level on “invisible” vertical line;


PROFILE: Neometals (NMT.AX)


Stock Exchange: ASX
Company: Neometals
Ticker Codes: | NMT.AX | ASX:NMT |

About Neometals (ASX:NMT):

Neometals Ltd explores and evaluates mineral properties in Australia. It operates through three segments: Lithium, Titanium, and Other. The company explores for lithium, titanium, and vanadium. Its principal assets include the Mt Marion Lithium and Barrambie Titanium projects located in Western Australia. It also provides various processes to extract valuable metals for a range of base, light, and precious metal oxides, as well as for sulphides, intermediates, and waste feeds. The company was formerly known as Reed Resources Ltd. and changed its name to Neometals Ltd in December 2014. Neometals Ltd is based in West Perth, Australia.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
BOC Bougainville Copper 0.19 11.8 27,150 0.14 BULLISH
SHM Shriro 0.68 10.7 39,658 0.68 BULLISH
AXP Airxpanders Inc 0.05 9.8 1,004,637 0.05 BULLISH
ISD Isentia 0.31 8.9 3,064,030 0.25 BULLISH
ORE Orocobre 5 7.5 2,139,777 4.9 BULLISH
KGN Kogan 2.91 7 2,522,219 2.91 BULLISH
KDR Kidman Resources 1.33 6.4 2,739,230 1.47 BULLISH
AHY Asaleo Care 0.75 6.4 758,066 0.11 BULLISH
BLA Blue Sky 1.06 6 447,752 1.06 BULLISH
EDE Eden Energy 0.08 5.1 4,851,303 0.08 BULLISH
back to top