Scottish Pacific (SCO.AX)
WOODIE PIVOT POINT
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) current pivot point (Woodie) is:
The current resistance levels are:
The current support levels are:
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: 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.
Woodie Pivot PointDownload
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