OM Holdings (OMH.AX)
DEMARK PIVOT POINT
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
OM Holdings (ASX:OMH) current pivot point (DeMark) is:
The current pivot point (DeMark) is:
Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.
Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;
PROFILE: OM Holdings (OMH.AX)
Stock Exchange: ASX
Company: OM Holdings
Ticker Codes: | OMH.AX | ASX:OMH |
OM Holdings Limited, an investment holding company, engages in mining, smelting, trading, and marketing ores and ferroalloys. The company operates through Mining, Smelting, and Marketing and Trading segments. It owns Bootu Creek manganese mine located in the Northern territory of Australia. It also provides manganese ferroalloys, ferrosilicon, and manganese sinter ore. In addition, the company trades in manganese ore, manganese ferroalloys, ferrosilicon, sinter ore, chrome ore, and iron ore. The company has operations in Australia, the People's Republic of China, Singapore, Malaysia, and Mauritius. OM Holdings Limited was founded in 1994 and is based in Singapore.
Demark's Pivot PointsDownload
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