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

Camarilla Pivot Points

Score

-4.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 38 10.1 0.26% 0.28% 0.7% -5.6% -193.2%
SHORT 37 11.2 0.35% 0.39% 2.1% -3.9% -100.8%

Summary

Technical Analysis

Terramin Australia (TZN.AX)


Indicator:

CAMARILLA PIVOT POINT


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) current pivot point Camarilla is: $0.065.

The current resistance levels are: (R1) $0.072
(R2) $0.078
(R3) $0.083
(R4) $0.1

The current support levels are: (S1) $0.062
(S2) $0.056
(S3) $0.051
(S4) $0.035



Camarilla pivot points were discovered in 1989 by Nick Scott, a successful bond trader. The basic thesis for this strategy is a common one: That price, as most time series, has a tendency to revert to its mean.

Calculation: Camarilla Pivot Points:
1) R4 = Close + (High – Low) * 1.1/2;
2) R3 = Close + (High – Low) * 1.1/4;
3) R2 = Close + (High – Low) * 1.1/6;
4) R1 = Close + (High – Low) * 1.1/12;
5) PP = (HIGH + LOW + CLOSE) / 3;
6) S1 = Close – (High – Low) * 1.1/12;
7) S2 = Close – (High – Low) * 1.1/6;
8) S3 = Close – (High – Low) * 1.1/4;
9) S4 = Close – (High – Low) * 1.1/2;


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:

Camarilla Pivot Points

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CAT Catuity 1.27 6.3 779,850 0.02 BULLISH CROSSOVER
SAR Saracen Mineral 3.66 5.5 4,153,957 0.04 BULLISH CROSSOVER
NZM Nzme 0.49 5.4 65,620 0.01 BULLISH CROSSOVER
FMG Fortescue Metals 8.8 5.4 17,285,949 0.07 BULLISH CROSSOVER
ASL Ausdrill 1.51 5.2 2,815,654 0.02 BULLISH CROSSOVER