Objective Corporation

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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Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Fibonacci Fans

Score

-1.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 16.0 0.37% 0.44% 3.0% -3.1% -28.7%
SHORT 20 24.4 0.15% 0.18% 5.3% -4.7% -63.4%

Summary

Technical Analysis

Objective Corporation (OCL.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.


Objective Corporation (ASX:OCL) : The current Fibonacci Fan levels are:
(23.61%) $3.7
: (38.2%) $3.78
: (50%) $3.84
: (61.8%) $3.9

The current support levels are:
(78.6%) $3.99
(100%) $4.1
(138.2%) $4.3
(161.8%) $4.42
(261.8%) $4.94
(423.61%) $5.79



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: Objective Corporation (OCL.AX)


Stock Exchange: ASX
Company: Objective Corporation
Ticker Codes: | OCL.AX | ASX:OCL |

About Objective Corporation (ASX:OCL):

Objective Corporation Limited, together with its subsidiaries, provides information technology software and services in Australia, the United Kingdom, New Zealand, and internationally. Its products include objective enterprise content management that manages content, builds business processes, and empowers users to achieve desired outcomes; objective inform, which provides document management, records management, office 365, SharePoint governance, deployment options, reporting insights, and drawings management solutions; and objective perform, a streamline content-driven process that offers workflow designing, case management, anywhere access, transparency, accountability, and governance solutions. The company also offers objective connect, which creates secure and private workspace; objective keystone, including content management, collaborative authoring, review and verification, one click publishing, multichannel distribution, and stakeholder engagement solutions; and objective trapeze to transform the development application process. In addition, it provides professional, management, education, and technical support services, as well as engages in the capture, collaboration, and manipulation of large documents, complex drawings, maps, and plans. The company serves public sector, local government, healthcare, financial services, insurance, energy, and infrastructure industries. Objective Corporation Limited was founded in 1987 and is headquartered in North Sydney, Australia.

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