Terramin Australia (TZN.AX)
Trading: BUY @ $0.12
Signal Strength: MEDIUM
Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Terramin Australia (ASX:TZN) A short term Pivot Reversal has formed with Terramin Australia which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.
The pivot reversal is the only reversal signal that is present at all market turns. Many analysts use the pivot points as an entry or exit signal. The power of the pivot point is similar to the Island Reversal in that every trader who opened a position on the day made the extreme high or low is now losing and will scramble to get out.
Calculation: Pivot Reversal (PIVOT):
1) Uptrend: High is higher than the high of the bars either side of its Last day closes below the low of the day with the highest high;
2) Downtrend: Low is lower than the bars either side of it Last day closes above the high of the day with the lowest low;
PROFILE: Terramin Australia (TZN.AX)
Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | 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.
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