Terramin Australia

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Fibonacci Retracements

Score

-1.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 20.4 0.15% 0.18% 7.2% -6.6% -57.9%
SHORT 13 36.7 0.54% 0.88% 7.1% -4.3% 15.4%

Summary

Technical Analysis

Terramin Australia (TZN.AX)


Indicator:

FIBONACCI RETRACTION


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 Retraction levels are:
(23.61%) $0.07
(38.2%) $0.07
(50%) $0.08
(61.8%) $0.08

The current support levels are:
(78.6%) $0.08
(100%) $0.09
(138.2%) $0.1
(161.8%) $0.11
(261.8%) $0.14
(423.61%) $0.18



A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 100%,


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 Retracements

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