Scottish Pacific (SCO.AX)
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Scottish Pacific (ASX:SCO) : The current Fibonacci Extension levels are:
The current support levels are:
Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.
Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
PROFILE: Scottish Pacific (SCO.AX)
Stock Exchange: ASX
Company: Scottish Pacific
Ticker Codes: | SCO.AX | ASX:SCO |
Scottish Pacific Group Limited provides working capital solutions to small and medium sized enterprises in Australia, New Zealand, the United Kingdom, and Hong Kong. The company operates in two segments, Debtor Financing and Trade Financing. It offers invoice discounting, factoring, cash line, asset finance, bad debt protection, progress claim finance, and other specialized products. The company also provides import and export finance, and trade line products; and supply chain financial services. It primarily serves temporary labor hire, recruitment, manufacturing, wholesale, business services, transport, printing, and wholesale fashion industries. The company was formerly known as Tartan Holdco Pty Ltd and changed its name to Scottish Pacific Group Limited in June 2016. Scottish Pacific Group Limited was founded in 1988 and is headquartered in Sydney, Australia.
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