NRW (NWH)

NRW (NWH.AX)

Indicator:

WOODIE PIVOT POINT

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

NRW (ASX:NWH) current pivot point (Woodie) is:
$2.236.

The current resistance levels are:
(R1) $2.372
(R2) $2.421

The current support levels are:
(S1) $2.187
(S2) $2.051

One of the key differences in calculating Woodies Pivot Point to other pivot points is that the current sessions open price is used in the PP formula with the previous sessions high and low.

Calculation: Woodie Pivot Point:
1) R2 = PP + High – Low;
2) R1 = (2 X PP) – Low;
3) PP = (H + L + 2C) / 4;
4) S1 = (2 X PP) – High;
5) S2 = PP – High + Low – Closing Price – High – Low;

PROFILE: NRW (NWH.AX)

Stock Exchange: ASX
Company: NRW
Ticker Codes: | NWH.AX | ASX:NWH |

NRW Holdings Limited, through its subsidiaries, provides civil and mining contracting services to resource and infrastructure sectors in Australia. It operates through three business divisions: NRW Civil & Mining, Action Drill & Blast (ADB), and AES Equipment Solutions (AES). The NRW Civil & Mining division delivers private and public civil infrastructure projects, mine development and contract mining, waste stripping, and ore haulage. This division's civil construction projects include bulk earthworks, rail formation, concrete installation, and construction of roads; and mining projects comprise work in iron ore, coal, and gold. The ADB division provides contract drill and blast services to mining sector, including iron ore, gold, coal, and lithium mines; and civil projects throughout Australia. The AES division offers maintenance services to the mining and resources sectors comprising the fabrication of water and service trucks. The company also sells plants and tires. NRW Holdings Limited was founded in 1994 and is headquartered in Belmont, Australia.