Terramin Australia (TZN)

Download button icon Download

Terramin Australia (TZN): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Terramin Australia (TZN.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.


Terramin Australia (ASX:TZN) : The current Fibonacci Fan levels are:
(23.61%) $0.14
: (38.2%) $0.14
: (50%) $0.15
: (61.8%) $0.15

The current support levels are:
(78.6%) $0.15
(100%) $0.17
(138.2%) $0.17
(161.8%) $0.18
(261.8%) $0.2
(423.61%) $0.24



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: Terramin Australia (TZN.AX)


Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | ASX:TZN |

About Terramin Australia (ASX:TZN):

Terramin Australia Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of base and precious metals, and other economic mineral deposits in Australia and internationally. The company primarily explores for zinc, lead, gold, copper, and rare earth elements. Its flagship project is the Tala Hamza zinc project located on the Mediterranean coast in Algeria. The company was incorporated in 1993 and is based in Fullarton, Australia.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
MPP Metro Performance Glass 0.5 11.1 6,500 -0.71 BEARISH
TNG Tennant Creek Gold 0.1 10 1,609,390 -0.06 BEARISH
IPD Impedimed 0.23 9.5 320,708 -0.27 BEARISH
WTP Watpac 0.91 9 114,480 -0.8 BEARISH
VAH Virgin Australia Holdings 0.2 8.3 322,385 -0.05 BEARISH
URF Us Masters Residential Property Fund 1.35 7.6 27,611 -0.22 BEARISH
WBA Webster 1.74 6.1 217,209 -0.09 BEARISH
SGR The Star Entertainment 4.58 5.3 3,025,465 -1.79 BEARISH
EPW ERM Power 1.65 5.1 110,867 -0.71 BEARISH
ANG Austin Engineering 0.22 4.8 1,029,374 -0.07 BEARISH
back to top