Tribune Resources (TBR)

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Tribune Resources (TBR): Signals

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TECHNICAL ANALYSIS SUMMARY

Tribune Resources: The current Fibonacci Extension levels are:
(23.61%) $9.48
(38.2%) $8.86
(50%) $8.35
(61.8%) $7.84

The current support levels are:
(78.6%) $7.12
(100%) $6.2
(138.2%) $4.56
(161.8%) $3.54
(261.8%) $-0.76
(423.61%) $-7.72



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:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;


PROFILE: Tribune Resources (TBR.AX)


Stock Exchange: ASX
Company: Tribune Resources
Ticker Codes: | TBR.AX | ASX:TBR |

About Tribune Resources (ASX:TBR):

Tribune Resources Limited, together with its subsidiaries, explores for, develops, and produces mineral properties in Australia. It explores for gold and silver deposits. The company focuses on the East Kundana and West Kundana joint venture tenements. Tribune Resources Limited is based in South Perth, Australia.

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Fibonacci Extensions

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